Absorption Report

Phoenix, Hillcrest West

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 19% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 1 0.2 0
251k-275k 2 0.3 0
276k-300k 1 1 0.2 0
301k-325k 2 0
326k-350k 2 1 0.1 12
351k-375k 1 5 0.8 1.2
376k-400k 5 9 4 0.3 3.3
401k-425k 5 11 4 0.4 2.7
426k-450k 12 14 2 0.2 5.1
451k-475k 10 6 3 0.1 10
476k-500k 5 5 3 0.2 6
501k-550k 4 3 0.1 8
551k-600k 3 0
601k-650k 2 0
651k-700k 1 2 0.3 3
1.3m-1.4m 1 0
3m-3.5m 1 0

Land 2% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 24 21 3 0.1 6.9
26k-50k 143 60 5 0.1 14.3
51k-75k 98 39 3 0.1 15.1
76k-100k 65 12 3 0 32.5
101k-125k 25 6 0 25
126k-150k 29 7 0 24.9
151k-175k 13 3 1 0 26
176k-200k 19 7 1 0.1 16.3
201k-225k 7 0
226k-250k 9 1 0 54
251k-275k 5 1 0 30
276k-300k 6 1 0 36
301k-325k 2 0
326k-350k 6 0
351k-375k 1 0
376k-400k 5 0
401k-425k 1 0
426k-450k 8 0
451k-475k 1 0
476k-500k 2 1 1 0.1 12
501k-550k 3 1 0.1 18
551k-600k 3 3 0.2 6
601k-650k 2 0
701k-750k 1 0.2 0
751k-800k 2 0
901k-950k 1 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 3 0
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.5m-2.75m 2 0
2.75m-3m 2 0
3.5m-4m 1 0
4.5m-5m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
10.01m-11m 1 0
13.01m-14m 1 0
14.01m-15m 1 0
16.01m-17m 1 0
23.01m-24m 1 0