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 31 7 0.5 1.9
351k-375k 21 59 7 0.5 2.1
376k-400k 25 80 12 0.5 1.9
401k-425k 24 80 11 0.6 1.8
426k-450k 30 67 13 0.4 2.7
451k-475k 24 64 13 0.4 2.3
476k-500k 28 62 11 0.4 2.7
501k-550k 68 147 24 0.4 2.8
551k-600k 73 124 13 0.3 3.5
601k-650k 51 85 19 0.3 3.6
651k-700k 41 87 9 0.4 2.8
701k-750k 33 78 11 0.4 2.5
751k-800k 39 54 9 0.2 4.3
801k-850k 25 39 7 0.3 3.8
851k-900k 22 27 5 0.2 4.9
901k-950k 22 19 8 0.1 6.9
951k-1m 16 14 3 0.1 6.9
1m-1.1m 9 14 1 0.3 3.9
1.1m-1.2m 8 9 0.2 5.3
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 1 0.3 3
1.5m-1.6m 1 5 2 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 1 0.2 0
4.5m-5m 1 0

Townhouses 7% 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 2 7 0.6 1.7
276k-300k 9 18 0.3 3
301k-325k 3 10 0.6 1.8
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 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 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
176k-200k 2 2 0.2 6
201k-225k 1 0
226k-250k 3 2 1 0.1 9
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 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 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