Absorption Report

Queen Creek, 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 19% 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
326k-350k 1 1 0.2 6
351k-375k 2 2 0.2 6
376k-400k 4 4 1 0.2 6
401k-425k 4 20 4 0.8 1.2
426k-450k 9 19 5 0.4 2.8
451k-475k 10 14 2 0.2 4.3
476k-500k 14 30 1 0.4 2.8
501k-550k 45 76 12 0.3 3.6
551k-600k 53 92 10 0.3 3.5
601k-650k 40 82 6 0.3 2.9
651k-700k 50 80 12 0.3 3.8
701k-750k 45 56 11 0.2 4.8
751k-800k 44 56 7 0.2 4.7
801k-850k 18 48 7 0.4 2.3
851k-900k 32 30 5 0.2 6.4
901k-950k 17 23 2 0.2 4.4
951k-1m 9 19 5 0.4 2.8
1m-1.1m 13 16 2 0.2 4.9
1.1m-1.2m 12 20 2 0.3 3.6
1.2m-1.3m 10 15 3 0.3 4
1.3m-1.4m 3 12 3 0.7 1.5
1.4m-1.5m 2 6 3 0.5 2
1.5m-1.6m 4 6 1 0.3 4
1.6m-1.7m 5 6 2 0.2 5
1.7m-1.8m 2 2 1 0.2 6
1.8m-1.9m 6 4 0.1 9
1.9m-2m 1 1 1 0.2 6
2m-2.25m 3 1 0.1 18
2.25m-2.5m 4 3 0.1 8
2.5m-2.75m 3 2 0.1 9
2.75m-3m 1 2 1 0.3 3
3m-3.5m 1 1 0.2 6
4m-4.5m 2 0
19.01m-20m 1 0

Townhouses 11% 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
426k-450k 1 1 1 0.2 6
451k-475k 4 0
476k-500k 1 1 0.2 6
501k-550k 4 1 0 24
551k-600k 5 3 1 0.1 10
601k-650k 1 0
951k-1m 1 0

Land 6% 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 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 5 2 0.1 15
201k-225k 3 1 0.1 18
226k-250k 6 3 0.1 12
251k-275k 7 2 0 21
276k-300k 3 1 0.1 18
301k-325k 3 1 0.1 18
326k-350k 2 1 0.1 12
351k-375k 4 2 0.7 0
376k-400k 2 4 1 0.3 3
401k-425k 1 0
426k-450k 2 1 1 0.1 12
451k-475k 2 0.3 0
476k-500k 2 3 0.3 4
501k-550k 2 1 0.1 12
551k-600k 2 2 0.2 6
601k-650k 1 1 0.2 6
651k-700k 1 2 1 0.3 3
701k-750k 1 3 0.5 2
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
2.5m-2.75m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
8.01m-9m 2 0