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
26k-50k 1 1 0.2 0
151k-175k 1 0.2 0
201k-225k 3 1 0.5 0
251k-275k 1 2 0.3 3
276k-300k 6 2 1 0
301k-325k 1 14 4 2.3 0.4
326k-350k 12 33 6 0.5 2.2
351k-375k 19 62 10 0.5 1.8
376k-400k 27 81 10 0.5 2
401k-425k 25 84 9 0.6 1.8
426k-450k 37 70 14 0.3 3.2
451k-475k 26 69 12 0.4 2.3
476k-500k 30 59 7 0.3 3.1
501k-550k 70 148 26 0.4 2.8
551k-600k 78 127 14 0.3 3.7
601k-650k 53 87 15 0.3 3.7
651k-700k 50 85 17 0.3 3.5
701k-750k 38 80 8 0.4 2.9
751k-800k 38 64 10 0.3 3.6
801k-850k 24 37 9 0.3 3.9
851k-900k 22 27 7 0.2 4.9
901k-950k 26 15 4 0.1 10.4
951k-1m 18 15 3 0.1 7.2
1m-1.1m 11 14 1 0.2 4.7
1.1m-1.2m 11 9 2 0.1 7.3
1.2m-1.3m 6 9 0.3 4
1.3m-1.4m 9 6 1 0.1 9
1.4m-1.5m 4 4 1 0.2 6
1.5m-1.6m 2 3 2 0.3 4
1.6m-1.7m 1 3 0.5 2
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 1 2 0.3 3
1.9m-2m 2 2 0.2 6
2m-2.25m 5 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 11% 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 9 4 0.8 1.3
251k-275k 4 10 1 0.4 2.4
276k-300k 8 19 0.4 2.5
301k-325k 2 10 2 0.8 1.2
326k-350k 11 1.8 0
351k-375k 4 5 0.2 4.8
376k-400k 6 9 1 0.3 4
401k-425k 6 0
426k-450k 5 4 1 0.1 7.5
451k-475k 1 3 0.5 2
476k-500k 2 0.3 0
501k-550k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 1 0

Condos 11% 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 1 0.1 12
251k-275k 1 0.2 0
301k-325k 1 2 0.3 3
326k-350k 2 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
126k-150k 1 0
151k-175k 4 1 0 24
176k-200k 2 0
201k-225k 1 0
226k-250k 2 0
276k-300k 1 0
301k-325k 1 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 4 1 0 24
451k-475k 3 4 1 0.2 4.5
476k-500k 4 1 0 24
501k-550k 2 1 0.1 12
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