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 18% 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 9 1 0.8 1.3
301k-325k 7 15 3 0.4 2.8
326k-350k 36 74 10 0.3 2.9
351k-375k 45 143 23 0.5 1.9
376k-400k 97 255 36 0.4 2.3
401k-425k 110 215 23 0.3 3.1
426k-450k 115 173 26 0.3 4
451k-475k 99 143 25 0.2 4.2
476k-500k 107 117 17 0.2 5.5
501k-550k 121 146 29 0.2 5
551k-600k 113 124 10 0.2 5.5
601k-650k 58 60 10 0.2 5.8
651k-700k 28 27 2 0.2 6.2
701k-750k 21 13 2 0.1 9.7
751k-800k 21 23 4 0.2 5.5
801k-850k 11 6 1 0.1 11
851k-900k 6 5 1 0.1 7.2
901k-950k 9 6 3 0.1 9
951k-1m 3 4 3 0.2 4.5
1m-1.1m 5 0
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 0.2 0
1.5m-1.6m 2 1 0.3 0
1.7m-1.8m 1 0
2m-2.25m 1 0

Townhouses 37% 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
226k-250k 1 0
276k-300k 2 2 1 0.2 6
301k-325k 2 3 1 0.3 4
326k-350k 1 0
351k-375k 1 3 1 0.5 2
376k-400k 3 10 3 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
151k-175k 3 6 1 0.3 3
176k-200k 6 4 0.1 9
201k-225k 6 11 1 0.3 3.3
226k-250k 6 2 0.1 18
251k-275k 5 1 0 30
276k-300k 11 3 0 22
301k-325k 5 0
401k-425k 1 0
451k-475k 1 0
501k-550k 1 0

Land 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
1k-25k 1 0.2 0
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 3 1 1 0.1 18
101k-125k 3 5 1 0.3 3.6
126k-150k 6 6 0.2 6
151k-175k 8 5 0.1 9.6
176k-200k 7 1 0 42
201k-225k 3 4 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 2 2 0.2 6
326k-350k 6 4 0.1 9
351k-375k 1 2 0.3 3
376k-400k 1 2 1 0.3 3
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