Absorption Report

Sun City West, 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 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
201k-225k 2 0.3 0
226k-250k 5 1 0.8 0
251k-275k 4 1 0.7 0
276k-300k 7 20 4 0.5 2.1
301k-325k 11 31 5 0.5 2.1
326k-350k 27 51 11 0.3 3.2
351k-375k 24 47 6 0.3 3.1
376k-400k 37 49 9 0.2 4.5
401k-425k 27 33 1 0.2 4.9
426k-450k 27 29 6 0.2 5.6
451k-475k 9 25 5 0.5 2.2
476k-500k 24 20 5 0.1 7.2
501k-550k 22 25 5 0.2 5.3
551k-600k 21 15 2 0.1 8.4
601k-650k 9 17 2 0.3 3.2
651k-700k 5 5 0.2 6
701k-750k 4 6 1 0.3 4
751k-800k 6 5 0.1 7.2
801k-850k 4 2 1 0.1 12
851k-900k 2 1 0.3 0
901k-950k 1 0

Townhouses 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
176k-200k 1 0.2 0
201k-225k 3 0.5 0
226k-250k 1 12 1 2 0.5
251k-275k 4 8 0.3 3
276k-300k 7 12 1 0.3 3.5
301k-325k 3 5 2 0.3 3.6
326k-350k 9 11 4 0.2 4.9
351k-375k 2 5 1 0.4 2.4
376k-400k 1 0
401k-425k 3 1 0.1 18

Condos 21% 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
151k-175k 1 0.2 0
176k-200k 1 5 0.8 1.2
201k-225k 2 6 2 0.5 2
226k-250k 4 8 2 0.3 3
251k-275k 1 6 2 1 1
276k-300k 2 3 1 0.3 4
301k-325k 1 3 0.5 2