Absorption Report

J. O. Combs Middle School, Queen Creek, San Tan Valley, 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
276k-300k 1 1 0.2 0
301k-325k 1 4 0.7 1.5
326k-350k 3 18 3 1 1
351k-375k 16 40 11 0.4 2.4
376k-400k 22 65 7 0.5 2
401k-425k 21 62 10 0.5 2
426k-450k 27 67 13 0.4 2.4
451k-475k 26 32 9 0.2 4.9
476k-500k 21 31 4 0.2 4.1
501k-550k 38 75 14 0.3 3
551k-600k 18 26 2 0.2 4.2
601k-650k 3 14 0.8 1.3
651k-700k 18 14 1 0.1 7.7
701k-750k 9 8 2 0.1 6.8
751k-800k 9 10 2 0.2 5.4
801k-850k 2 1 0.1 12
851k-900k 3 5 1 0.3 3.6
901k-950k 1 0.2 0
951k-1m 2 0
1m-1.1m 1 2 2 0.3 3
1.1m-1.2m 2 3 1 0.3 4
1.2m-1.3m 2 2 2 0.2 6
1.3m-1.4m 3 1 0.1 18
1.7m-1.8m 1 1 0.2 6
3m-3.5m 1 0.2 0

Townhouses 0% 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 0.2 6
451k-475k 4 1 0 24
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 4 0
951k-1m 1 0

Land 0% 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 0
551k-600k 1 0.2 0
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
3m-3.5m 1 0