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
151k-175k 1 0
176k-200k 2 1 0.1 12
226k-250k 1 0.2 0
251k-275k 4 2 0.7 0
276k-300k 2 8 1 0.7 1.5
301k-325k 7 16 4 0.4 2.6
326k-350k 34 69 10 0.3 3
351k-375k 46 139 19 0.5 2
376k-400k 97 254 46 0.4 2.3
401k-425k 112 212 23 0.3 3.2
426k-450k 105 161 20 0.3 3.9
451k-475k 99 143 23 0.2 4.2
476k-500k 103 115 13 0.2 5.4
501k-550k 115 144 25 0.2 4.8
551k-600k 113 119 12 0.2 5.7
601k-650k 52 56 7 0.2 5.6
651k-700k 31 27 2 0.1 6.9
701k-750k 22 13 2 0.1 10.2
751k-800k 23 21 1 0.2 6.6
801k-850k 11 6 0.1 11
851k-900k 7 4 1 0.1 10.5
901k-950k 9 6 2 0.1 9
951k-1m 2 5 3 0.4 2.4
1m-1.1m 5 0
1.1m-1.2m 6 2 2 0.1 18
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 1 0.3 0
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 47% 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 3 0.3 4
351k-375k 1 4 2 0.7 1.5
376k-400k 3 10 4 0.6 1.8
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 1 1 0.2 0
151k-175k 2 6 1 0.5 2
176k-200k 6 4 0.1 9
201k-225k 5 11 0.4 2.7
226k-250k 9 2 0 27
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 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
1k-25k 1 0.2 0
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 3 1 0.1 18
101k-125k 3 5 1 0.3 3.6
126k-150k 5 6 0.2 5
151k-175k 8 5 0.1 9.6
176k-200k 7 2 1 0 21
201k-225k 3 4 1 0.2 4.5
226k-250k 5 3 1 0.1 10
251k-275k 6 1 0 36
276k-300k 4 2 1 0.1 12
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 3 0
651k-700k 3 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