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 0.2 0
251k-275k 3 0.5 0
276k-300k 4 13 3 0.5 1.8
301k-325k 5 27 2 0.9 1.1
326k-350k 31 121 23 0.7 1.5
351k-375k 59 165 30 0.5 2.1
376k-400k 99 190 25 0.3 3.1
401k-425k 74 148 26 0.3 3
426k-450k 79 144 25 0.3 3.3
451k-475k 63 101 17 0.3 3.7
476k-500k 47 87 10 0.3 3.2
501k-550k 73 104 22 0.2 4.2
551k-600k 39 45 9 0.2 5.2
601k-650k 25 30 2 0.2 5
651k-700k 24 18 1 0.1 8
701k-750k 16 6 1 0.1 16
751k-800k 14 11 0.1 7.6
801k-850k 4 2 0.1 12
851k-900k 5 5 0.2 6
901k-950k 3 0.5 0
951k-1m 6 3 1 0.1 12
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 2 6 2 0.5 2
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 13% 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
251k-275k 1 1 0.2 0
276k-300k 2 0.3 0
426k-450k 1 0
451k-475k 3 0
501k-550k 2 0
551k-600k 1 0

Land 4% 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 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 4 1 0 24
226k-250k 4 2 1 0.1 12
251k-275k 2 1 1 0.1 12
276k-300k 4 1 1 0 24
301k-325k 1 0
326k-350k 1 1 0.2 6
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
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