Absorption Report

Surprise

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 19% 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
176k-200k 1 1 1 0.2 6
251k-275k 3 1 0.5 0
276k-300k 1 10 2 1.7 0.6
301k-325k 8 16 3 0.3 3
326k-350k 33 73 18 0.4 2.7
351k-375k 55 152 26 0.5 2.2
376k-400k 97 260 45 0.4 2.2
401k-425k 123 238 39 0.3 3.1
426k-450k 113 177 23 0.3 3.8
451k-475k 105 150 32 0.2 4.2
476k-500k 102 122 27 0.2 5
501k-550k 117 150 29 0.2 4.7
551k-600k 99 136 24 0.2 4.4
601k-650k 64 58 5 0.2 6.6
651k-700k 30 41 8 0.2 4.4
701k-750k 23 14 3 0.1 9.9
751k-800k 19 21 6 0.2 5.4
801k-850k 8 7 3 0.1 6.9
851k-900k 5 5 0.2 6
901k-950k 9 3 2 0.1 18
951k-1m 6 2 0.1 18
1m-1.1m 5 1 0 30
1.1m-1.2m 5 0
1.2m-1.3m 2 1 0.1 12
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 35% 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
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 3 1 1 0.1 18
301k-325k 1 4 1 0.7 1.5
351k-375k 3 2 1 0.1 9
376k-400k 5 7 1 0.2 4.3
401k-425k 1 3 0.5 2
451k-475k 1 1 0.2 0
476k-500k 1 1 0.2 0
551k-600k 1 1 0.2 0

Condos 8% 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
101k-125k 1 0.2 0
151k-175k 3 6 1 0.3 3
176k-200k 5 5 0.2 6
201k-225k 4 12 2 0.5 2
226k-250k 5 3 2 0.1 10
251k-275k 6 2 0.1 18
276k-300k 8 4 1 0.1 12
301k-325k 3 0
326k-350k 2 0
501k-550k 1 0

Land 10% 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 0.2 0
26k-50k 1 0.2 0
51k-75k 3 0.5 0
76k-100k 3 0
101k-125k 3 4 2 0.2 4.5
126k-150k 7 6 0.1 7
151k-175k 7 6 1 0.1 7
176k-200k 8 1 0 48
201k-225k 2 4 2 0.3 3
226k-250k 6 1 0 36
251k-275k 5 2 2 0.1 15
276k-300k 2 1 1 0.1 12
301k-325k 1 2 0.3 3
326k-350k 5 4 1 0.1 7.5
351k-375k 1 2 0.3 3
376k-400k 1 1 1 0.2 6
401k-425k 1 2 0.3 3
426k-450k 1 0.2 0
451k-475k 1 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