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
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 5 15 3 0.5 2
326k-350k 31 72 9 0.4 2.6
351k-375k 51 133 16 0.4 2.3
376k-400k 93 239 44 0.4 2.3
401k-425k 101 219 32 0.4 2.8
426k-450k 98 159 12 0.3 3.7
451k-475k 98 144 23 0.2 4.1
476k-500k 112 112 13 0.2 6
501k-550k 109 139 25 0.2 4.7
551k-600k 113 118 14 0.2 5.7
601k-650k 58 57 8 0.2 6.1
651k-700k 38 28 3 0.1 8.1
701k-750k 21 14 2 0.1 9
751k-800k 25 19 0.1 7.9
801k-850k 12 7 2 0.1 10.3
851k-900k 5 4 1 0.1 7.5
901k-950k 11 6 1 0.1 11
951k-1m 3 5 1 0.3 3.6
1m-1.1m 6 0
1.1m-1.2m 5 2 1 0.1 15
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 44% 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 4% 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 10 1 0.4 2.4
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 8% 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 5 2 0.2 4.8
126k-150k 4 8 2 0.3 3
151k-175k 7 5 0.1 8.4
176k-200k 9 2 1 0 27
201k-225k 4 4 1 0.2 6
226k-250k 4 2 1 0.1 12
251k-275k 7 2 1 0 21
276k-300k 3 2 0.1 9
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