Absorption Report

Peoria, AZ

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 18% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 1 4 0.7 1.5
226k-250k 2 1 0.3 0
251k-275k 2 0.3 0
276k-300k 1 3 0.5 2
301k-325k 1 13 2 2.2 0.5
326k-350k 9 33 5 0.6 1.6
351k-375k 20 58 10 0.5 2.1
376k-400k 23 80 13 0.6 1.7
401k-425k 23 85 13 0.6 1.6
426k-450k 31 64 12 0.3 2.9
451k-475k 25 65 10 0.4 2.3
476k-500k 31 60 11 0.3 3.1
501k-550k 59 141 16 0.4 2.5
551k-600k 68 130 19 0.3 3.1
601k-650k 57 87 14 0.3 3.9
651k-700k 33 83 11 0.4 2.4
701k-750k 34 76 7 0.4 2.7
751k-800k 34 50 5 0.2 4.1
801k-850k 21 38 4 0.3 3.3
851k-900k 18 29 7 0.3 3.7
901k-950k 21 23 9 0.2 5.5
951k-1m 15 13 2 0.1 6.9
1m-1.1m 6 15 2 0.4 2.4
1.1m-1.2m 6 9 0.3 4
1.2m-1.3m 7 8 0.2 5.3
1.3m-1.4m 7 4 1 0.1 10.5
1.4m-1.5m 2 4 1 0.3 3
1.5m-1.6m 1 5 1 0.8 1.2
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 2 2 0.2 6
1.9m-2m 3 1 0.5 0
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 3 3 1 0.2 6
2.75m-3m 1 2 0.3 3
3m-3.5m 2 1 0.3 0
4.5m-5m 1 0

Townhouses 4% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 2 3 0.3 4
226k-250k 2 9 0.8 1.3
251k-275k 3 5 0.3 3.6
276k-300k 11 18 0.3 3.7
301k-325k 1 8 1.3 0.8
326k-350k 1 8 1.3 0.8
351k-375k 6 5 0.1 7.2
376k-400k 6 9 3 0.3 4
401k-425k 2 0
426k-450k 7 3 0.1 14
451k-475k 1 4 1 0.7 1.5
476k-500k 1 1 0.2 6
501k-550k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 1 0

Condos 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
176k-200k 2 2 0.2 6
201k-225k 1 0
226k-250k 2 2 2 0.2 6
301k-325k 1 2 0.3 3
326k-350k 1 2 0.3 3
351k-375k 1 1 0.2 6

Land 2% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 2 0
26k-50k 1 0.2 0
126k-150k 1 0
151k-175k 4 0
176k-200k 1 0
201k-225k 1 0
226k-250k 2 0
276k-300k 2 0
326k-350k 1 0
351k-375k 2 0
376k-400k 4 1 0 24
401k-425k 2 1 0.1 12
426k-450k 5 2 1 0.1 15
451k-475k 3 3 0.2 6
476k-500k 3 0
501k-550k 1 0
551k-600k 5 0
601k-650k 1 0
751k-800k 1 0
851k-900k 1 0.2 0
951k-1m 2 0
1.1m-1.2m 1 0
2.5m-2.75m 1 0