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 21% 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 0.2 0
351k-375k 2 2 1 0.2 6
376k-400k 3 5 1 0.3 3.6
401k-425k 6 20 3 0.6 1.8
426k-450k 11 20 3 0.3 3.3
451k-475k 12 16 5 0.2 4.5
476k-500k 14 32 3 0.4 2.6
501k-550k 43 80 14 0.3 3.2
551k-600k 49 99 14 0.3 3
601k-650k 44 84 7 0.3 3.1
651k-700k 51 86 16 0.3 3.6
701k-750k 41 60 17 0.2 4.1
751k-800k 41 62 8 0.3 4
801k-850k 21 49 10 0.4 2.6
851k-900k 28 32 9 0.2 5.3
901k-950k 18 26 2 0.2 4.2
951k-1m 12 17 3 0.2 4.2
1m-1.1m 12 16 1 0.2 4.5
1.1m-1.2m 13 20 2 0.3 3.9
1.2m-1.3m 8 15 4 0.3 3.2
1.3m-1.4m 4 12 3 0.5 2
1.4m-1.5m 3 5 1 0.3 3.6
1.5m-1.6m 4 7 2 0.3 3.4
1.6m-1.7m 4 5 1 0.2 4.8
1.7m-1.8m 4 1 0 24
1.8m-1.9m 6 4 0.1 9
1.9m-2m 2 1 0.1 12
2m-2.25m 2 1 0.1 12
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 4 2 0.1 12
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 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
426k-450k 2 1 0.1 12
451k-475k 3 0
476k-500k 1 1 0.2 6
501k-550k 3 1 0.1 18
551k-600k 6 3 1 0.1 12
601k-650k 1 0
951k-1m 1 0

Land 5% 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 2 2 0.2 6
201k-225k 3 1 0.1 18
226k-250k 6 4 1 0.1 9
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 2 2 0.2 6
376k-400k 3 4 1 0.2 4.5
401k-425k 2 0
426k-450k 1 0
451k-475k 2 0.3 0
476k-500k 2 4 0.3 3
501k-550k 1 1 0.2 6
551k-600k 2 3 0.3 4
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
901k-950k 1 0
951k-1m 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 3 0
3.5m-4m 1 0
8.01m-9m 2 0