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
176k-200k 2 1 0.1 12
226k-250k 1 1 0.2 0
251k-275k 3 1 0.5 0
276k-300k 7 1.2 0
301k-325k 12 16 1 0.2 4.5
326k-350k 33 71 11 0.4 2.8
351k-375k 51 146 25 0.5 2.1
376k-400k 97 250 35 0.4 2.3
401k-425k 118 225 35 0.3 3.1
426k-450k 116 172 25 0.2 4
451k-475k 95 145 23 0.3 3.9
476k-500k 99 120 22 0.2 5
501k-550k 118 139 23 0.2 5.1
551k-600k 105 133 20 0.2 4.7
601k-650k 59 58 8 0.2 6.1
651k-700k 28 32 3 0.2 5.3
701k-750k 25 13 3 0.1 11.5
751k-800k 22 21 5 0.2 6.3
801k-850k 10 6 2 0.1 10
851k-900k 6 4 0.1 9
901k-950k 9 5 4 0.1 10.8
951k-1m 4 3 2 0.1 8
1m-1.1m 5 1 0 30
1.1m-1.2m 7 1 1 0 42
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 21% 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
251k-275k 1 0
276k-300k 3 1 0.1 18
301k-325k 2 3 1 0.3 4
326k-350k 1 0
351k-375k 1 3 1 0.5 2
376k-400k 5 8 2 0.3 3.8
401k-425k 1 3 0.5 2
451k-475k 2 2 0.3 0
551k-600k 1 0.2 0

Condos 5% 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
151k-175k 5 5 0.2 6
176k-200k 6 4 0.1 9
201k-225k 5 12 2 0.4 2.5
226k-250k 4 2 0.1 12
251k-275k 6 1 0 36
276k-300k 8 4 1 0.1 12
301k-325k 4 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 2 0.3 0
76k-100k 2 0
101k-125k 3 4 0.2 4.5
126k-150k 7 7 1 0.2 6
151k-175k 7 5 0.1 8.4
176k-200k 7 1 0 42
201k-225k 2 4 1 0.3 3
226k-250k 6 1 0 36
251k-275k 6 2 1 0.1 18
276k-300k 3 1 1 0.1 18
301k-325k 2 2 0.2 6
326k-350k 6 4 1 0.1 9
351k-375k 1 3 2 0.5 2
376k-400k 2 1 0.1 12
401k-425k 2 2 0.2 6
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
6.01m-7m 2 0
9.01m-10m 1 0.2 0