Absorption Report

Phoenix, AZ, Townhouse

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

Townhouses 13% 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
101k-125k 3 1 0.5 0
126k-150k 4 3 2 0.1 8
151k-175k 15 12 0.1 7.5
176k-200k 23 35 4 0.3 3.9
201k-225k 23 48 12 0.3 2.9
226k-250k 33 61 5 0.3 3.2
251k-275k 32 49 8 0.3 3.9
276k-300k 46 68 9 0.2 4.1
301k-325k 58 90 11 0.3 3.9
326k-350k 55 79 13 0.2 4.2
351k-375k 23 47 9 0.3 2.9
376k-400k 32 64 13 0.3 3
401k-425k 20 41 6 0.3 2.9
426k-450k 16 35 9 0.4 2.7
451k-475k 20 21 4 0.2 5.7
476k-500k 18 17 4 0.2 6.4
501k-550k 25 32 1 0.2 4.7
551k-600k 21 22 5 0.2 5.7
601k-650k 18 24 5 0.2 4.5
651k-700k 21 15 0.1 8.4
701k-750k 8 14 2 0.3 3.4
751k-800k 8 7 0.1 6.9
801k-850k 4 2 0.1 12
851k-900k 3 3 0.2 6
901k-950k 4 1 0 24
951k-1m 3 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.5m-1.6m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
4m-4.5m 1 0