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 17% 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 6 17 5 0.5 2.1
326k-350k 34 70 11 0.3 2.9
351k-375k 46 135 19 0.5 2
376k-400k 96 252 48 0.4 2.3
401k-425k 112 211 24 0.3 3.2
426k-450k 105 161 20 0.3 3.9
451k-475k 99 140 23 0.2 4.2
476k-500k 103 115 12 0.2 5.4
501k-550k 116 142 25 0.2 4.9
551k-600k 114 119 12 0.2 5.7
601k-650k 52 56 7 0.2 5.6
651k-700k 32 26 2 0.1 7.4
701k-750k 21 13 2 0.1 9.7
751k-800k 23 21 1 0.2 6.6
801k-850k 11 7 1 0.1 9.4
851k-900k 7 4 1 0.1 10.5
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 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 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 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 10 0.3 3
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 7 1 0 42
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