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 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
176k-200k 5 0.8 0
201k-225k 1 12 2 0.5
226k-250k 5 24 2 0.8 1.3
251k-275k 11 32 9 0.5 2.1
276k-300k 42 53 15 0.2 4.8
301k-325k 34 54 6 0.3 3.8
326k-350k 44 53 5 0.2 5
351k-375k 20 41 10 0.3 2.9
376k-400k 36 33 6 0.2 6.5
401k-425k 28 31 5 0.2 5.4
426k-450k 13 24 4 0.3 3.3
451k-475k 7 18 6 0.4 2.3
476k-500k 8 8 3 0.2 6
501k-550k 6 19 3 0.5 1.9
551k-600k 8 5 0.1 9.6
601k-650k 4 4 2 0.2 6
651k-700k 3 2 0.1 9
701k-750k 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 1 1 0.2 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 1 3 0.5 2
151k-175k 1 11 2 1.8 0.5
176k-200k 6 23 5 0.6 1.6
201k-225k 19 40 8 0.4 2.9
226k-250k 24 44 7 0.3 3.3
251k-275k 22 24 7 0.2 5.5
276k-300k 27 19 1 0.1 8.5
301k-325k 15 11 2 0.1 8.2
326k-350k 12 11 2 0.2 6.5
351k-375k 4 5 2 0.2 4.8
376k-400k 5 1 0 30
401k-425k 1 0.2 0
601k-650k 1 0

Condos 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
26k-50k 1 0.2 0
51k-75k 3 4 0.2 4.5
76k-100k 3 7 2 0.4 2.6
126k-150k 5 0.8 0
151k-175k 6 22 6 0.6 1.6
176k-200k 18 27 2 0.3 4
201k-225k 14 23 3 0.3 3.7
226k-250k 10 14 4 0.2 4.3
251k-275k 6 6 0.2 6
276k-300k 3 2 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