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 18% 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 6 15 3 0.4 2.4
301k-325k 10 21 1 0.4 2.9
326k-350k 31 102 12 0.5 1.8
351k-375k 45 156 18 0.6 1.7
376k-400k 98 174 20 0.3 3.4
401k-425k 70 141 18 0.3 3
426k-450k 66 139 23 0.4 2.8
451k-475k 64 98 16 0.3 3.9
476k-500k 53 75 11 0.2 4.2
501k-550k 61 100 13 0.3 3.7
551k-600k 36 46 8 0.2 4.7
601k-650k 32 28 5 0.1 6.9
651k-700k 23 18 3 0.1 7.7
701k-750k 12 8 2 0.1 9
751k-800k 8 10 3 0.2 4.8
801k-850k 5 2 0.1 15
851k-900k 5 8 3 0.3 3.8
901k-950k 3 0.5 0
951k-1m 6 3 0.1 12
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 2 6 1 0.5 2
1.2m-1.3m 6 1 1 0 36
1.3m-1.4m 4 0
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 3 1 0.1 18
176k-200k 1 1 0.2 6
201k-225k 5 1 0 30
226k-250k 4 2 0.1 12
251k-275k 2 2 0.2 6
276k-300k 8 1 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 1 0.2 6
476k-500k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 2 0
751k-800k 1 0
851k-900k 1 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 1 0
3.5m-4m 1 0
7.01m-8m 3 0