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 5 0.8 0
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 19 59 12 0.5 1.9
376k-400k 23 79 13 0.6 1.7
401k-425k 23 85 14 0.6 1.6
426k-450k 30 63 11 0.4 2.9
451k-475k 26 65 12 0.4 2.4
476k-500k 29 60 11 0.3 2.9
501k-550k 57 141 17 0.4 2.4
551k-600k 68 130 19 0.3 3.1
601k-650k 55 85 15 0.3 3.9
651k-700k 33 84 12 0.4 2.4
701k-750k 32 76 8 0.4 2.5
751k-800k 31 52 7 0.3 3.6
801k-850k 21 37 4 0.3 3.4
851k-900k 19 29 8 0.3 3.9
901k-950k 21 22 7 0.2 5.7
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 6 4 1 0.1 9
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 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 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
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 10 19 1 0.3 3.2
301k-325k 1 8 1.3 0.8
326k-350k 1 8 1.3 0.8
351k-375k 6 4 0.1 9
376k-400k 6 9 3 0.3 4
401k-425k 2 0
426k-450k 7 2 0 21
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 20% 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 3 0.5 2
351k-375k 1 0

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