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 1 1 0.2 6
226k-250k 1 0.2 0
251k-275k 1 4 0.7 1.5
276k-300k 2 9 1 0.8 1.3
301k-325k 6 17 4 0.5 2.1
326k-350k 27 78 14 0.5 2.1
351k-375k 58 132 16 0.4 2.6
376k-400k 105 233 41 0.4 2.7
401k-425k 113 221 35 0.3 3.1
426k-450k 116 159 14 0.2 4.4
451k-475k 98 140 21 0.2 4.2
476k-500k 108 114 12 0.2 5.7
501k-550k 118 137 21 0.2 5.2
551k-600k 110 120 19 0.2 5.5
601k-650k 60 56 8 0.2 6.4
651k-700k 35 28 5 0.1 7.5
701k-750k 19 15 2 0.1 7.6
751k-800k 32 18 1 0.1 10.7
801k-850k 13 8 2 0.1 9.8
851k-900k 5 3 0.1 10
901k-950k 11 9 2 0.1 7.3
951k-1m 2 4 2 0.3 3
1m-1.1m 8 0
1.1m-1.2m 3 2 1 0.1 9
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 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
226k-250k 1 0
251k-275k 1 1 0.2 0
276k-300k 2 2 1 0.2 6
301k-325k 1 3 1 0.5 2
351k-375k 1 5 1 0.8 1.2
376k-400k 2 9 4 0.8 1.3
401k-425k 1 2 0.3 3
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 2 1 0.3 0
151k-175k 2 5 0.4 2.4
176k-200k 6 4 0.1 9
201k-225k 4 11 2 0.5 2.2
226k-250k 10 3 1 0.1 20
251k-275k 4 1 0 24
276k-300k 10 3 0.1 20
301k-325k 6 1 1 0 36
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
76k-100k 3 1 0.1 18
101k-125k 5 5 2 0.2 6
126k-150k 5 9 3 0.3 3.3
151k-175k 5 5 1 0.2 6
176k-200k 11 2 2 0 33
201k-225k 6 2 0.1 18
226k-250k 4 2 0.1 12
251k-275k 7 2 1 0 21
276k-300k 2 2 0.2 6
301k-325k 1 4 2 0.7 1.5
326k-350k 3 4 0.2 4.5
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