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
126k-150k 1 0
151k-175k 1 0
176k-200k 2 1 0.1 12
226k-250k 1 0.2 0
251k-275k 4 1 0.7 0
276k-300k 1 9 2 1.5 0.7
301k-325k 6 15 3 0.4 2.4
326k-350k 30 73 10 0.4 2.5
351k-375k 53 134 17 0.4 2.4
376k-400k 94 238 44 0.4 2.4
401k-425k 99 221 35 0.4 2.7
426k-450k 100 161 14 0.3 3.7
451k-475k 97 141 22 0.2 4.1
476k-500k 111 114 13 0.2 5.8
501k-550k 113 137 23 0.2 4.9
551k-600k 109 120 16 0.2 5.5
601k-650k 58 57 8 0.2 6.1
651k-700k 40 29 4 0.1 8.3
701k-750k 21 14 2 0.1 9
751k-800k 26 18 0.1 8.7
801k-850k 14 8 2 0.1 10.5
851k-900k 4 4 1 0.2 6
901k-950k 10 7 2 0.1 8.6
951k-1m 3 5 1 0.3 3.6
1m-1.1m 6 0
1.1m-1.2m 4 2 1 0.1 12
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 3 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 1 0.3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 41% 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
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 3 0.5 2
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 5 1 0 30
276k-300k 11 3 0 22
301k-325k 5 1 1 0 30
401k-425k 1 0
451k-475k 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
76k-100k 2 1 0.1 12
101k-125k 4 4 1 0.2 6
126k-150k 4 8 2 0.3 3
151k-175k 7 6 1 0.1 7
176k-200k 10 3 2 0.1 20
201k-225k 4 3 0.1 8
226k-250k 4 2 1 0.1 12
251k-275k 7 2 1 0 21
276k-300k 2 2 0.2 6
301k-325k 1 2 0.3 3
326k-350k 4 6 2 0.3 4
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