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 2 0.7 0
276k-300k 2 10 3 0.8 1.2
301k-325k 6 16 4 0.4 2.3
326k-350k 32 71 12 0.4 2.7
351k-375k 47 133 18 0.5 2.1
376k-400k 92 253 50 0.5 2.2
401k-425k 100 217 29 0.4 2.8
426k-450k 94 159 19 0.3 3.5
451k-475k 100 142 23 0.2 4.2
476k-500k 97 113 13 0.2 5.2
501k-550k 110 140 27 0.2 4.7
551k-600k 106 120 14 0.2 5.3
601k-650k 60 56 8 0.2 6.4
651k-700k 36 26 2 0.1 8.3
701k-750k 20 13 2 0.1 9.2
751k-800k 24 20 1 0.1 7.2
801k-850k 11 7 1 0.1 9.4
851k-900k 6 4 1 0.1 9
901k-950k 9 6 2 0.1 9
951k-1m 2 5 2 0.4 2.4
1m-1.1m 5 0
1.1m-1.2m 6 2 1 0.1 18
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 3 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 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 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 0% 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 0.4 2.4
226k-250k 8 2 0 24
251k-275k 6 1 0 36
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
51k-75k 1 0.2 0
76k-100k 2 1 0.1 12
101k-125k 3 5 2 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 2 1 0.1 15
251k-275k 7 2 1 0 21
276k-300k 3 2 1 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