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 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
1k-25k 1 0
226k-250k 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 5 16 3 0.5 1.9
301k-325k 7 22 4 0.5 1.9
326k-350k 25 107 18 0.7 1.4
351k-375k 50 155 18 0.5 1.9
376k-400k 89 172 24 0.3 3.1
401k-425k 58 145 23 0.4 2.4
426k-450k 59 137 19 0.4 2.6
451k-475k 61 95 15 0.3 3.9
476k-500k 47 73 11 0.3 3.9
501k-550k 55 101 15 0.3 3.3
551k-600k 37 46 7 0.2 4.8
601k-650k 26 26 3 0.2 6
651k-700k 26 18 2 0.1 8.7
701k-750k 10 10 4 0.2 6
751k-800k 7 10 1 0.2 4.2
801k-850k 6 3 1 0.1 12
851k-900k 5 9 4 0.3 3.3
901k-950k 1 3 0.5 2
951k-1m 6 3 1 0.1 12
1m-1.1m 4 8 0.3 3
1.1m-1.2m 2 5 1 0.4 2.4
1.2m-1.3m 7 1 0 42
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0
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
276k-300k 2 0.3 0
426k-450k 1 0
451k-475k 2 0
501k-550k 1 0
551k-600k 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
51k-75k 1 0.2 0
101k-125k 3 0.5 0
126k-150k 1 1 1 0.2 6
151k-175k 3 1 0.1 18
176k-200k 1 1 0.2 6
201k-225k 4 1 0 24
226k-250k 5 3 0.1 10
251k-275k 2 1 0.1 12
276k-300k 8 1 0 48
301k-325k 1 0
326k-350k 1 1 0.2 6
351k-375k 2 1 0.3 0
376k-400k 2 0
401k-425k 1 0
426k-450k 1 1 0.2 0
476k-500k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 2 0
851k-900k 1 0
951k-1m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 1 0
7.01m-8m 3 0