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 16% 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 2 1 0.1 12
226k-250k 1 1 0.2 0
251k-275k 1 2 0.3 3
276k-300k 1 7 1.2 0.9
301k-325k 10 16 1 0.3 3.8
326k-350k 35 69 10 0.3 3
351k-375k 53 145 24 0.5 2.2
376k-400k 99 247 34 0.4 2.4
401k-425k 123 226 34 0.3 3.3
426k-450k 111 171 24 0.3 3.9
451k-475k 104 147 23 0.2 4.2
476k-500k 99 120 23 0.2 5
501k-550k 122 141 23 0.2 5.2
551k-600k 100 132 21 0.2 4.5
601k-650k 58 58 8 0.2 6
651k-700k 27 33 4 0.2 4.9
701k-750k 26 12 2 0.1 13
751k-800k 22 21 5 0.2 6.3
801k-850k 10 7 2 0.1 8.6
851k-900k 6 4 0.1 9
901k-950k 8 4 3 0.1 12
951k-1m 4 3 2 0.1 8
1m-1.1m 5 1 0 30
1.1m-1.2m 6 1 1 0 36
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 10% 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
251k-275k 1 0
276k-300k 3 1 0.1 18
301k-325k 2 3 1 0.3 4
351k-375k 3 2 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
151k-175k 4 5 0.2 4.8
176k-200k 6 4 0.1 9
201k-225k 4 12 2 0.5 2
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 7% 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 2 0.3 0
76k-100k 3 0
101k-125k 3 4 0.2 4.5
126k-150k 6 7 1 0.2 5.1
151k-175k 8 5 0.1 9.6
176k-200k 7 1 0 42
201k-225k 2 4 1 0.3 3
226k-250k 6 1 0 36
251k-275k 6 2 2 0.1 18
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