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 20% 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 0
351k-375k 2 1 0.1 12
376k-400k 1 10 3 1.7 0.6
401k-425k 4 21 6 0.9 1.1
426k-450k 14 20 3 0.2 4.2
451k-475k 11 14 6 0.2 4.7
476k-500k 12 38 6 0.5 1.9
501k-550k 41 79 12 0.3 3.1
551k-600k 57 112 15 0.3 3.1
601k-650k 47 93 6 0.3 3
651k-700k 54 87 14 0.3 3.7
701k-750k 52 58 11 0.2 5.4
751k-800k 45 60 6 0.2 4.5
801k-850k 22 52 14 0.4 2.5
851k-900k 26 30 8 0.2 5.2
901k-950k 20 29 4 0.2 4.1
951k-1m 13 17 4 0.2 4.6
1m-1.1m 13 17 0.2 4.6
1.1m-1.2m 15 20 3 0.2 4.5
1.2m-1.3m 12 13 4 0.2 5.5
1.3m-1.4m 9 11 2 0.2 4.9
1.4m-1.5m 5 4 1 0.1 7.5
1.5m-1.6m 4 10 3 0.4 2.4
1.6m-1.7m 5 4 1 0.1 7.5
1.7m-1.8m 5 1 0 30
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 2 2 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 5 2 0.1 15
2.75m-3m 2 1 0.1 12
3m-3.5m 1 2 0.3 3
4m-4.5m 1 0
19.01m-20m 1 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 3 1 0.1 18
476k-500k 1 1 0.2 6
501k-550k 3 1 0.1 18
551k-600k 6 3 0.1 12
601k-650k 2 0
951k-1m 1 0

Land 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 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 3 2 0.1 9
201k-225k 3 1 0.1 18
226k-250k 5 3 1 0.1 10
251k-275k 6 4 1 0.1 9
276k-300k 3 2 0.1 9
301k-325k 3 1 0.1 18
326k-350k 2 1 0.1 12
351k-375k 2 3 0.3 4
376k-400k 3 3 2 0.2 6
401k-425k 2 1 0.1 12
426k-450k 1 1 0.2 6
451k-475k 2 0.3 0
476k-500k 2 5 2 0.4 2.4
501k-550k 1 1 0.2 6
551k-600k 2 3 0.3 4
601k-650k 1 1 0.2 6
651k-700k 2 1 0.1 12
701k-750k 1 3 0.5 2
751k-800k 1 1 0.2 0
801k-850k 1 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 2 0
8.01m-9m 2 0