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
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 4 2 0.7 0
301k-325k 1 12 2 2 0.5
326k-350k 10 32 7 0.5 1.9
351k-375k 21 59 8 0.5 2.1
376k-400k 25 79 12 0.5 1.9
401k-425k 23 80 11 0.6 1.7
426k-450k 31 69 16 0.4 2.7
451k-475k 24 60 9 0.4 2.4
476k-500k 28 60 9 0.4 2.8
501k-550k 70 146 23 0.3 2.9
551k-600k 73 124 14 0.3 3.5
601k-650k 52 84 18 0.3 3.7
651k-700k 41 88 10 0.4 2.8
701k-750k 33 78 11 0.4 2.5
751k-800k 39 54 9 0.2 4.3
801k-850k 24 39 7 0.3 3.7
851k-900k 22 27 5 0.2 4.9
901k-950k 21 17 6 0.1 7.4
951k-1m 17 13 3 0.1 7.8
1m-1.1m 10 14 1 0.2 4.3
1.1m-1.2m 9 9 0.2 6
1.2m-1.3m 9 8 0.1 6.8
1.3m-1.4m 8 5 1 0.1 9.6
1.4m-1.5m 2 4 2 0.3 3
1.5m-1.6m 1 5 2 0.8 1.2
1.6m-1.7m 2 2 0.2 6
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 4 0
2.25m-2.5m 3 2 1 0.1 9
2.75m-3m 1 2 0.3 3
3m-3.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 6% 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 1 0
201k-225k 1 4 0.7 1.5
226k-250k 2 9 1 0.8 1.3
251k-275k 3 7 0.4 2.6
276k-300k 9 18 0.3 3
301k-325k 3 10 0.6 1.8
326k-350k 1 10 1.7 0.6
351k-375k 6 5 0.1 7.2
376k-400k 6 9 3 0.3 4
401k-425k 3 1 1 0.1 18
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 22% 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 1 2 1 0.3 3
251k-275k 1 0.2 0
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 1 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 1 0.1 18
401k-425k 2 1 0.1 12
426k-450k 5 1 0 30
451k-475k 3 3 1 0.2 6
476k-500k 3 1 0.1 18
501k-550k 2 0
551k-600k 3 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