Absorption Report

Sun City Grand, 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 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 0
276k-300k 1 0.2 0
301k-325k 2 4 0.3 3
326k-350k 15 21 5 0.2 4.3
351k-375k 13 19 3 0.2 4.1
376k-400k 11 17 2 0.3 3.9
401k-425k 14 21 3 0.3 4
426k-450k 18 23 2 0.2 4.7
451k-475k 5 18 2 0.6 1.7
476k-500k 16 12 4 0.1 8
501k-550k 24 21 8 0.1 6.9
551k-600k 12 17 3 0.2 4.2
601k-650k 11 5 2 0.1 13.2
651k-700k 8 9 1 0.2 5.3
701k-750k 5 3 1 0.1 10
751k-800k 7 5 3 0.1 8.4
801k-850k 2 0.3 0
851k-900k 1 2 0.3 3
901k-950k 4 1 1 0 24
951k-1m 1 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0

Townhouses 100% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
301k-325k 1 0.2 0
551k-600k 1 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 2 0.3 3
226k-250k 3 0
251k-275k 5 0
276k-300k 6 1 0 36
301k-325k 1 0