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 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
226k-250k 1 1 0.2 0
251k-275k 1 0.2 0
276k-300k 5 16 4 0.5 1.9
301k-325k 8 23 1 0.5 2.1
326k-350k 34 110 13 0.5 1.9
351k-375k 47 161 19 0.6 1.8
376k-400k 97 174 15 0.3 3.3
401k-425k 70 146 21 0.3 2.9
426k-450k 66 138 22 0.3 2.9
451k-475k 68 102 16 0.3 4
476k-500k 51 80 14 0.3 3.8
501k-550k 67 95 14 0.2 4.2
551k-600k 35 48 11 0.2 4.4
601k-650k 27 29 6 0.2 5.6
651k-700k 23 19 3 0.1 7.3
701k-750k 16 8 1 0.1 12
751k-800k 9 10 2 0.2 5.4
801k-850k 5 2 0.1 15
851k-900k 3 8 3 0.4 2.3
901k-950k 3 0.5 0
951k-1m 5 3 1 0.1 10
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 2 6 2 0.5 2
1.2m-1.3m 5 1 1 0 30
1.3m-1.4m 4 1 0 24
1.5m-1.6m 1 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 1 0.2 6

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 9% 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 1 0.5 0
126k-150k 1 0
151k-175k 4 1 0 24
176k-200k 1 1 0.2 6
201k-225k 4 1 0 24
226k-250k 4 2 1 0.1 12
251k-275k 2 2 0.2 6
276k-300k 5 1 1 0 30
301k-325k 1 0
326k-350k 1 1 0.2 6
351k-375k 2 1 0.3 0
376k-400k 1 0
401k-425k 1 0
426k-450k 2 1 1 0.1 12
476k-500k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 2 0
751k-800k 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 0.2 0
2.25m-2.5m 1 0.2 0
3m-3.5m 2 0
3.5m-4m 1 0
7.01m-8m 3 0