Absorption Report

Sun City, 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 10% 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
176k-200k 1 5 0.8 1.2
201k-225k 1 12 1 2 0.5
226k-250k 5 23 1 0.8 1.3
251k-275k 12 28 6 0.4 2.6
276k-300k 46 52 11 0.2 5.3
301k-325k 34 58 8 0.3 3.5
326k-350k 49 55 6 0.2 5.3
351k-375k 19 40 13 0.4 2.9
376k-400k 41 33 4 0.1 7.5
401k-425k 25 30 5 0.2 5
426k-450k 12 26 6 0.4 2.8
451k-475k 9 18 5 0.3 3
476k-500k 7 6 2 0.1 7
501k-550k 8 20 4 0.4 2.4
551k-600k 7 5 1 0.1 8.4
601k-650k 5 4 2 0.1 7.5
651k-700k 3 3 0.2 6
701k-750k 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
951k-1m 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0

Townhouses 12% 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
126k-150k 3 0.5 0
151k-175k 2 11 1 0.9 1.1
176k-200k 4 24 4 1 1
201k-225k 19 43 8 0.4 2.7
226k-250k 24 44 8 0.3 3.3
251k-275k 20 26 8 0.2 4.6
276k-300k 25 19 4 0.1 7.9
301k-325k 13 11 3 0.1 7.1
326k-350k 13 11 2 0.1 7.1
351k-375k 6 5 2 0.1 7.2
376k-400k 5 1 0 30
401k-425k 1 0.2 0
601k-650k 1 0

Condos 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
26k-50k 1 0.2 0
51k-75k 2 5 2 0.4 2.4
76k-100k 4 6 1 0.3 4
126k-150k 5 0.8 0
151k-175k 6 21 5 0.6 1.7
176k-200k 22 30 2 0.2 4.4
201k-225k 10 23 4 0.4 2.6
226k-250k 6 13 3 0.4 2.8
251k-275k 6 6 1 0.2 6
276k-300k 3 2 1 0.1 9
301k-325k 1 0
351k-375k 1 0

Land 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
4m-4.5m 1 0