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 15% 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
126k-150k 1 0
151k-175k 1 0
176k-200k 1 1 0.2 6
226k-250k 1 0.2 0
251k-275k 1 4 1 0.7 1.5
276k-300k 2 9 1 0.8 1.3
301k-325k 6 15 3 0.4 2.4
326k-350k 28 76 12 0.5 2.2
351k-375k 56 134 15 0.4 2.5
376k-400k 100 236 42 0.4 2.5
401k-425k 110 218 30 0.3 3
426k-450k 107 161 13 0.3 4
451k-475k 100 143 22 0.2 4.2
476k-500k 107 111 12 0.2 5.8
501k-550k 121 137 23 0.2 5.3
551k-600k 111 121 19 0.2 5.5
601k-650k 59 56 6 0.2 6.3
651k-700k 38 28 4 0.1 8.1
701k-750k 20 15 3 0.1 8
751k-800k 30 17 0.1 10.6
801k-850k 14 8 2 0.1 10.5
851k-900k 4 3 1 0.1 8
901k-950k 11 7 2 0.1 9.4
951k-1m 3 5 1 0.3 3.6
1m-1.1m 8 0
1.1m-1.2m 3 2 1 0.1 9
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 31% 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
251k-275k 1 1 0.2 0
276k-300k 2 2 1 0.2 6
301k-325k 2 2 0.2 6
351k-375k 2 4 0.3 3
376k-400k 2 10 4 0.8 1.2
401k-425k 1 2 0.3 3
451k-475k 2 0.3 0
551k-600k 1 0.2 0

Condos 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
126k-150k 2 2 0.3 0
151k-175k 2 5 0.4 2.4
176k-200k 6 4 0.1 9
201k-225k 4 11 2 0.5 2.2
226k-250k 9 3 1 0.1 18
251k-275k 4 1 0 24
276k-300k 10 3 0.1 20
301k-325k 6 1 1 0 36
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
76k-100k 2 1 0.1 12
101k-125k 4 6 3 0.3 4
126k-150k 4 9 3 0.4 2.7
151k-175k 6 4 0.1 9
176k-200k 11 3 2 0 22
201k-225k 6 2 0.1 18
226k-250k 4 2 0.1 12
251k-275k 7 2 1 0 21
276k-300k 2 2 0.2 6
301k-325k 1 4 2 0.7 1.5
326k-350k 3 4 0.2 4.5
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 2 0
651k-700k 2 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
6.01m-7m 2 0
9.01m-10m 1 0.2 0