Absorption Report

Phoenix, AZ, Condo

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

Condos 10% 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
51k-75k 4 3 0.7 0
76k-100k 7 5 2 0.1 8.4
101k-125k 6 13 3 0.4 2.8
126k-150k 12 19 4 0.3 3.8
151k-175k 24 25 3 0.2 5.8
176k-200k 25 37 6 0.2 4.1
201k-225k 29 44 7 0.3 4
226k-250k 37 48 4 0.2 4.6
251k-275k 28 54 11 0.3 3.1
276k-300k 41 47 6 0.2 5.2
301k-325k 35 40 9 0.2 5.3
326k-350k 28 37 7 0.2 4.5
351k-375k 21 20 1 0.2 6.3
376k-400k 18 22 5 0.2 4.9
401k-425k 14 11 3 0.1 7.6
426k-450k 18 20 1 0.2 5.4
451k-475k 18 8 1 0.1 13.5
476k-500k 16 9 3 0.1 10.7
501k-550k 15 15 1 0.2 6
551k-600k 17 5 0 20.4
601k-650k 9 8 1 0.1 6.8
651k-700k 11 2 0 33
701k-750k 5 2 0.1 15
751k-800k 4 1 0 24
801k-850k 1 0.2 0
851k-900k 1 2 0.3 3
901k-950k 3 0
951k-1m 1 2 1 0.3 3
1m-1.1m 2 3 0.3 4
1.1m-1.2m 2 2 1 0.2 6
1.2m-1.3m 4 6 0.3 4
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 2 0.3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0