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 32 72 12 0.4 2.7
351k-375k 49 141 20 0.5 2.1
376k-400k 93 259 45 0.5 2.2
401k-425k 109 215 25 0.3 3
426k-450k 106 167 22 0.3 3.8
451k-475k 95 145 26 0.3 3.9
476k-500k 104 116 12 0.2 5.4
501k-550k 116 142 24 0.2 4.9
551k-600k 114 121 11 0.2 5.7
601k-650k 53 57 7 0.2 5.6
651k-700k 30 27 2 0.2 6.7
701k-750k 21 13 2 0.1 9.7
751k-800k 20 22 3 0.2 5.5
801k-850k 11 6 0.1 11
851k-900k 7 4 1 0.1 10.5
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 44% 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
251k-275k 1 1 0.2 0
276k-300k 2 2 1 0.2 6
301k-325k 2 3 0.3 4
351k-375k 1 4 2 0.7 1.5
376k-400k 3 9 3 0.5 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 9 2 0 27
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 1 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