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 17% 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 10 22 2 0.4 2.7
326k-350k 31 104 15 0.6 1.8
351k-375k 47 156 18 0.6 1.8
376k-400k 95 170 19 0.3 3.4
401k-425k 71 140 19 0.3 3
426k-450k 67 136 18 0.3 3
451k-475k 64 96 16 0.3 4
476k-500k 57 76 11 0.2 4.5
501k-550k 62 100 11 0.3 3.7
551k-600k 37 47 7 0.2 4.7
601k-650k 29 27 4 0.2 6.4
651k-700k 23 19 4 0.1 7.3
701k-750k 12 8 2 0.1 9
751k-800k 9 10 3 0.2 5.4
801k-850k 5 2 0.1 15
851k-900k 5 8 3 0.3 3.8
901k-950k 3 0.5 0
951k-1m 7 2 0 21
1m-1.1m 4 8 1 0.3 3
1.1m-1.2m 2 5 1 0.4 2.4
1.2m-1.3m 6 1 1 0 36
1.3m-1.4m 3 0
1.4m-1.5m 1 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 7% 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 0
151k-175k 3 1 0.1 18
176k-200k 1 1 0.2 6
201k-225k 5 1 0 30
226k-250k 4 3 0.1 8
251k-275k 2 1 0.1 12
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