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 8 1.3 0.8
301k-325k 10 17 2 0.3 3.5
326k-350k 35 73 13 0.3 2.9
351k-375k 51 150 23 0.5 2
376k-400k 104 253 36 0.4 2.5
401k-425k 123 234 33 0.3 3.2
426k-450k 113 176 28 0.3 3.9
451k-475k 105 151 25 0.2 4.2
476k-500k 99 124 23 0.2 4.8
501k-550k 124 145 24 0.2 5.1
551k-600k 100 135 24 0.2 4.4
601k-650k 59 59 8 0.2 6
651k-700k 27 35 6 0.2 4.6
701k-750k 25 12 2 0.1 12.5
751k-800k 22 23 7 0.2 5.7
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 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 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 3 0.5 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 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