Absorption Report

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 21% 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
226k-250k 1 0.2 0
251k-275k 4 0.7 0
276k-300k 5 12 2 0.4 2.5
301k-325k 6 28 2 0.8 1.3
326k-350k 34 119 22 0.6 1.7
351k-375k 57 170 31 0.5 2
376k-400k 93 197 34 0.4 2.8
401k-425k 84 152 28 0.3 3.3
426k-450k 77 152 27 0.3 3
451k-475k 62 101 14 0.3 3.7
476k-500k 45 92 14 0.3 2.9
501k-550k 77 105 23 0.2 4.4
551k-600k 40 43 8 0.2 5.6
601k-650k 27 29 1 0.2 5.6
651k-700k 25 19 2 0.1 7.9
701k-750k 16 6 2 0.1 16
751k-800k 15 12 1 0.1 7.5
801k-850k 4 2 0.1 12
851k-900k 5 5 1 0.2 6
901k-950k 3 0.5 0
951k-1m 7 2 0 21
1m-1.1m 5 8 3 0.3 3.8
1.1m-1.2m 3 5 1 0.3 3.6
1.2m-1.3m 3 0
1.3m-1.4m 7 1 0 42
1.5m-1.6m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
3m-3.5m 1 1 0.2 6

Townhouses 0% 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
251k-275k 1 0
276k-300k 2 0.3 0
426k-450k 1 0
451k-475k 3 0
501k-550k 2 0
551k-600k 1 0

Land 8% 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
101k-125k 1 3 0.5 2
126k-150k 1 0
151k-175k 4 2 0.1 12
176k-200k 1 1 0.2 6
201k-225k 3 1 0.1 18
226k-250k 4 2 1 0.1 12
251k-275k 2 1 1 0.1 12
276k-300k 7 2 1 0 21
301k-325k 2 1 0.1 12
326k-350k 2 1 0.1 12
351k-375k 1 1 0.2 6
376k-400k 1 0
401k-425k 1 0
426k-450k 3 0
451k-475k 1 0
476k-500k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
7.01m-8m 3 0