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 11% 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 2 0.5
226k-250k 5 23 1 0.8 1.3
251k-275k 11 29 7 0.4 2.3
276k-300k 48 51 11 0.2 5.6
301k-325k 34 58 8 0.3 3.5
326k-350k 49 54 6 0.2 5.4
351k-375k 19 40 12 0.4 2.9
376k-400k 40 32 4 0.1 7.5
401k-425k 26 30 4 0.2 5.2
426k-450k 12 25 6 0.3 2.9
451k-475k 8 17 5 0.4 2.8
476k-500k 7 6 2 0.1 7
501k-550k 8 20 3 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 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
126k-150k 3 0.5 0
151k-175k 2 10 1 0.8 1.2
176k-200k 4 24 4 1 1
201k-225k 19 42 8 0.4 2.7
226k-250k 23 43 8 0.3 3.2
251k-275k 20 25 8 0.2 4.8
276k-300k 25 19 3 0.1 7.9
301k-325k 14 11 3 0.1 7.6
326k-350k 13 11 3 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 29 2 0.2 4.6
201k-225k 10 23 3 0.4 2.6
226k-250k 6 12 3 0.3 3
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