Absorption Report: Phoenix, AZ | Homes by Marco

Absorption Report


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
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Buyer's
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< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 16% 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
101k-125k 1 0.2 0
126k-150k 5 0.8 0
151k-175k 1 5 2 0.8 1.2
176k-200k 1 6 3 1 1
201k-225k 1 12 3 2 0.5
226k-250k 6 30 2 0.8 1.2
251k-275k 8 62 13 1.3 0.8
276k-300k 34 94 18 0.5 2.2
301k-325k 52 166 24 0.5 1.9
326k-350k 131 303 47 0.4 2.6
351k-375k 131 386 56 0.5 2
376k-400k 185 376 55 0.3 3
401k-425k 122 284 32 0.4 2.6
426k-450k 119 258 26 0.4 2.8
451k-475k 95 190 30 0.3 3
476k-500k 108 196 27 0.3 3.3
501k-550k 147 362 39 0.4 2.4
551k-600k 128 256 38 0.3 3
601k-650k 114 226 28 0.3 3
651k-700k 105 180 26 0.3 3.5
701k-750k 82 148 28 0.3 3.3
751k-800k 93 114 12 0.2 4.9
801k-850k 64 97 18 0.3 4
851k-900k 41 85 11 0.3 2.9
901k-950k 42 79 12 0.3 3.2
951k-1m 48 52 8 0.2 5.5
1m-1.1m 53 71 10 0.2 4.5
1.1m-1.2m 54 61 16 0.2 5.3
1.2m-1.3m 42 58 9 0.2 4.3
1.3m-1.4m 31 44 5 0.2 4.2
1.4m-1.5m 31 32 2 0.2 5.8
1.5m-1.6m 18 31 6 0.3 3.5
1.6m-1.7m 12 26 4 0.4 2.8
1.7m-1.8m 9 20 4 0.4 2.7
1.8m-1.9m 9 12 2 0.2 4.5
1.9m-2m 11 12 2 0.2 5.5
2m-2.25m 12 21 4 0.3 3.4
2.25m-2.5m 22 22 5 0.2 6
2.5m-2.75m 9 11 2 0.2 4.9
2.75m-3m 12 7 1 0.1 10.3
3m-3.5m 8 14 0.3 3.4
3.5m-4m 13 7 1 0.1 11.1
4m-4.5m 4 6 0.3 4
4.5m-5m 4 3 1 0.1 8
5.01m-6m 4 2 0.1 12
6.01m-7m 3 6 1 0.3 3
7.01m-8m 8 1 0 48
8.01m-9m 1 2 1 0.3 3
9.01m-10m 1 0
10.01m-11m 1 0
13.01m-14m 2 0.3 0
14.01m-15m 2 0
15.01m-16m 1 0
29.01m-30m 1 0

Townhouses 15% 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 2 0
126k-150k 5 3 1 0.1 10
151k-175k 10 9 1 0.2 6.7
176k-200k 20 34 5 0.3 3.5
201k-225k 26 41 4 0.3 3.8
226k-250k 37 47 5 0.2 4.7
251k-275k 31 42 9 0.2 4.4
276k-300k 45 60 13 0.2 4.5
301k-325k 46 68 10 0.2 4.1
326k-350k 38 68 12 0.3 3.4
351k-375k 26 47 6 0.3 3.3
376k-400k 34 57 11 0.3 3.6
401k-425k 22 36 3 0.3 3.7
426k-450k 15 37 7 0.4 2.4
451k-475k 10 27 7 0.5 2.2
476k-500k 23 16 2 0.1 8.6
501k-550k 18 25 3 0.2 4.3
551k-600k 16 27 7 0.3 3.6
601k-650k 20 23 2 0.2 5.2
651k-700k 28 22 7 0.1 7.6
701k-750k 16 14 1 0.1 6.9
751k-800k 4 5 1 0.2 4.8
801k-850k 5 4 2 0.1 7.5
851k-900k 3 2 1 0.1 9
901k-950k 3 1 0.1 18
951k-1m 1 2 2 0.3 3
1.1m-1.2m 1 0
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 1 3 1 0.5 2
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4m-4.5m 1 0

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 0.7 0
76k-100k 6 6 3 0.2 6
101k-125k 6 11 3 0.3 3.3
126k-150k 14 18 1 0.2 4.7
151k-175k 22 21 2 0.2 6.3
176k-200k 26 34 4 0.2 4.6
201k-225k 37 45 4 0.2 4.9
226k-250k 42 45 11 0.2 5.6
251k-275k 39 56 11 0.2 4.2
276k-300k 37 44 9 0.2 5
301k-325k 41 35 8 0.1 7
326k-350k 29 34 4 0.2 5.1
351k-375k 21 20 1 0.2 6.3
376k-400k 20 16 2 0.1 7.5
401k-425k 14 11 2 0.1 7.6
426k-450k 19 18 1 0.2 6.3
451k-475k 17 8 0.1 12.8
476k-500k 13 11 5 0.1 7.1
501k-550k 16 16 2 0.2 6
551k-600k 16 9 5 0.1 10.7
601k-650k 12 7 2 0.1 10.3
651k-700k 12 3 1 0 24
701k-750k 4 0
751k-800k 3 2 1 0.1 9
801k-850k 1 1 0.2 6
851k-900k 1 2 0.3 3
901k-950k 3 0
951k-1m 2 2 0.2 6
1m-1.1m 2 4 0.3 3
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 5 4 0.1 7.5
1.3m-1.4m 1 0
1.4m-1.5m 1 3 1 0.5 2
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2.25m-2.5m 1 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0

Land 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
1k-25k 1 2 0.3 3
26k-50k 2 1 1 0.1 12
51k-75k 1 2 0.3 3
76k-100k 6 2 0.1 18
101k-125k 8 2 0 24
126k-150k 8 11 2 0.2 4.4
151k-175k 8 11 1 0.2 4.4
176k-200k 9 2 0 27
201k-225k 9 7 1 0.1 7.7
226k-250k 9 2 0 27
251k-275k 11 3 0 22
276k-300k 12 2 0 36
301k-325k 3 5 0.3 3.6
326k-350k 9 3 1 0.1 18
351k-375k 12 1 0 72
376k-400k 16 2 0 48
401k-425k 3 2 1 0.1 9
426k-450k 9 0
451k-475k 4 0
476k-500k 7 0
501k-550k 3 0
551k-600k 1 2 2 0.3 3
601k-650k 6 1 0 36
651k-700k 4 2 0.1 12
701k-750k 3 0
751k-800k 4 4 2 0.2 6
801k-850k 2 0
851k-900k 6 1 0 36
901k-950k 1 1 0.2 6
951k-1m 5 0
1m-1.1m 11 1 0 66
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 1 1 0.1 12
1.4m-1.5m 2 2 2 0.2 6
1.5m-1.6m 3 0
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 3 0
1.9m-2m 2 0
2m-2.25m 4 0
2.25m-2.5m 3 0
2.5m-2.75m 3 1 0.1 18
2.75m-3m 1 0.2 0
3m-3.5m 1 2 0.3 3
3.5m-4m 3 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0.2 0
8.01m-9m 1 0
10.01m-11m 1 0