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 10 16 1 0.3 3.8
326k-350k 34 69 10 0.3 3
351k-375k 51 147 24 0.5 2.1
376k-400k 100 247 32 0.4 2.4
401k-425k 119 226 33 0.3 3.2
426k-450k 108 174 25 0.3 3.7
451k-475k 100 147 23 0.2 4.1
476k-500k 100 120 22 0.2 5
501k-550k 114 141 23 0.2 4.9
551k-600k 104 132 18 0.2 4.7
601k-650k 60 59 8 0.2 6.1
651k-700k 26 33 3 0.2 4.7
701k-750k 26 13 3 0.1 12
751k-800k 22 21 5 0.2 6.3
801k-850k 10 7 2 0.1 8.6
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 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 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
351k-375k 3 2 0.1 9
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 4 5 0.2 4.8
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 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 2 0.3 0
76k-100k 3 0
101k-125k 3 4 0.2 4.5
126k-150k 6 7 1 0.2 5.1
151k-175k 8 5 0.1 9.6
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