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
51k-75k 1 0
151k-175k 1 0.2 0
201k-225k 4 0.7 0
226k-250k 1 1 0.2 0
251k-275k 1 2 0.3 3
276k-300k 3 1 0.5 0
301k-325k 1 13 3 2.2 0.5
326k-350k 10 31 6 0.5 1.9
351k-375k 21 58 9 0.5 2.2
376k-400k 24 80 12 0.6 1.8
401k-425k 22 83 11 0.6 1.6
426k-450k 27 69 16 0.4 2.3
451k-475k 24 61 10 0.4 2.4
476k-500k 29 62 12 0.4 2.8
501k-550k 64 144 23 0.4 2.7
551k-600k 70 127 15 0.3 3.3
601k-650k 53 86 14 0.3 3.7
651k-700k 36 85 8 0.4 2.5
701k-750k 33 78 10 0.4 2.5
751k-800k 37 53 9 0.2 4.2
801k-850k 21 39 6 0.3 3.2
851k-900k 21 28 6 0.2 4.5
901k-950k 24 21 10 0.1 6.9
951k-1m 15 14 3 0.2 6.4
1m-1.1m 7 15 2 0.4 2.8
1.1m-1.2m 6 9 0.3 4
1.2m-1.3m 8 8 0.2 6
1.3m-1.4m 7 5 1 0.1 8.4
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 2 1 0.3 0
1.8m-1.9m 2 2 0.2 6
1.9m-2m 3 1 0.5 0
2m-2.25m 4 0
2.25m-2.5m 3 2 1 0.1 9
2.75m-3m 1 2 0.3 3
3m-3.5m 2 1 0.3 0
4.5m-5m 1 0

Townhouses 5% 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 3 0.5 2
226k-250k 2 9 0.8 1.3
251k-275k 3 6 0.3 3
276k-300k 11 18 0.3 3.7
301k-325k 1 10 1.7 0.6
326k-350k 1 8 1.3 0.8
351k-375k 6 5 0.1 7.2
376k-400k 6 10 4 0.3 3.6
401k-425k 2 0
426k-450k 6 3 1 0.1 12
451k-475k 1 3 0.5 2
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 2 2 0.2 6
351k-375k 1 1 0.2 0

Land 0% 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
126k-150k 1 0
151k-175k 5 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 3 1 0.1 18
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 1 0.1 18
501k-550k 2 0
551k-600k 4 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