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
1k-25k 1 0.2 0
176k-200k 1 1 0.2 6
226k-250k 1 1 0.2 0
251k-275k 1 2 0.3 3
276k-300k 1 8 1.3 0.8
301k-325k 8 17 2 0.4 2.8
326k-350k 36 70 11 0.3 3.1
351k-375k 51 150 26 0.5 2
376k-400k 102 255 39 0.4 2.4
401k-425k 122 233 32 0.3 3.1
426k-450k 112 175 29 0.3 3.8
451k-475k 100 148 26 0.2 4.1
476k-500k 102 126 27 0.2 4.9
501k-550k 121 148 23 0.2 4.9
551k-600k 99 135 25 0.2 4.4
601k-650k 57 58 8 0.2 5.9
651k-700k 28 37 6 0.2 4.5
701k-750k 24 12 2 0.1 12
751k-800k 22 23 7 0.2 5.7
801k-850k 9 7 2 0.1 7.7
851k-900k 6 5 0.1 7.2
901k-950k 9 4 3 0.1 13.5
951k-1m 5 2 1 0.1 15
1m-1.1m 5 1 0 30
1.1m-1.2m 6 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 0
1.5m-1.6m 1 1 0.2 6
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 11% 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
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 3 1 1 0.1 18
301k-325k 2 4 1 0.3 3
351k-375k 3 2 1 0.1 9
376k-400k 6 7 1 0.2 5.1
401k-425k 1 3 0.5 2
451k-475k 2 2 0.3 0
551k-600k 1 0.2 0

Condos 3% 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
101k-125k 1 0.2 0
151k-175k 4 5 1 0.2 4.8
176k-200k 5 4 0.1 7.5
201k-225k 5 12 2 0.4 2.5
226k-250k 4 2 1 0.1 12
251k-275k 6 1 0 36
276k-300k 8 3 0.1 16
301k-325k 5 0
326k-350k 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 3 0.5 0
76k-100k 3 0
101k-125k 5 4 0.1 7.5
126k-150k 6 8 1 0.2 4.5
151k-175k 8 5 0.1 9.6
176k-200k 8 1 0 48
201k-225k 2 4 1 0.3 3
226k-250k 5 1 0 30
251k-275k 5 2 2 0.1 15
276k-300k 3 1 1 0.1 18
301k-325k 1 2 0.3 3
326k-350k 6 4 1 0.1 9
351k-375k 1 3 1 0.5 2
376k-400k 2 1 0.1 12
401k-425k 1 2 0.3 3
451k-475k 1 0.2 0
476k-500k 3 0
501k-550k 3 0
651k-700k 4 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
4.5m-5m 1 0
6.01m-7m 2 0
9.01m-10m 1 0.2 0