Absorption Report

Surprise, 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 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
151k-175k 1 0
176k-200k 2 1 0.1 12
226k-250k 1 0.2 0
251k-275k 4 2 0.7 0
276k-300k 1 8 1 1.3 0.8
301k-325k 7 16 4 0.4 2.6
326k-350k 36 73 13 0.3 3
351k-375k 48 142 20 0.5 2
376k-400k 95 256 43 0.4 2.2
401k-425k 110 215 27 0.3 3.1
426k-450k 109 170 25 0.3 3.8
451k-475k 100 141 24 0.2 4.3
476k-500k 104 117 17 0.2 5.3
501k-550k 123 142 24 0.2 5.2
551k-600k 115 122 12 0.2 5.7
601k-650k 56 59 8 0.2 5.7
651k-700k 28 26 1 0.2 6.5
701k-750k 20 13 2 0.1 9.2
751k-800k 21 22 3 0.2 5.7
801k-850k 11 6 0.1 11
851k-900k 7 5 1 0.1 8.4
901k-950k 8 6 2 0.1 8
951k-1m 3 4 3 0.2 4.5
1m-1.1m 5 0
1.1m-1.2m 7 1 1 0 42
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 1 0.3 0
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 39% 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
226k-250k 1 0
276k-300k 2 2 1 0.2 6
301k-325k 2 3 0.3 4
326k-350k 1 0
351k-375k 1 4 2 0.7 1.5
376k-400k 2 10 3 0.8 1.2
401k-425k 1 3 0.5 2
451k-475k 2 0.3 0
551k-600k 1 0.2 0

Condos 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
151k-175k 3 6 1 0.3 3
176k-200k 6 4 0.1 9
201k-225k 6 11 1 0.3 3.3
226k-250k 8 2 0 24
251k-275k 5 1 0 30
276k-300k 11 3 0 22
301k-325k 5 1 1 0 30
401k-425k 1 0
451k-475k 1 0
501k-550k 1 0

Land 6% 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
1k-25k 1 0.2 0
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 3 1 1 0.1 18
101k-125k 3 5 1 0.3 3.6
126k-150k 6 6 0.2 6
151k-175k 8 5 0.1 9.6
176k-200k 7 2 1 0 21
201k-225k 3 4 0.2 4.5
226k-250k 5 3 1 0.1 10
251k-275k 6 1 0 36
276k-300k 4 2 1 0.1 12
301k-325k 1 2 0.3 3
326k-350k 5 5 1 0.2 6
351k-375k 1 3 1 0.5 2
376k-400k 1 1 0.2 6
401k-425k 2 2 0.2 6
451k-475k 1 0.2 0
476k-500k 3 0
501k-550k 3 0
651k-700k 3 0
701k-750k 2 0
751k-800k 1 2 0.3 3
801k-850k 2 0
951k-1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
3.5m-4m 1 0
6.01m-7m 2 0
9.01m-10m 1 0.2 0