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
1k-25k 1 0.2 0
176k-200k 1 1 0.2 6
251k-275k 1 3 1 0.5 2
276k-300k 1 9 1 1.5 0.7
301k-325k 7 15 1 0.4 2.8
326k-350k 36 71 13 0.3 3
351k-375k 49 149 25 0.5 2
376k-400k 102 254 39 0.4 2.4
401k-425k 124 237 33 0.3 3.1
426k-450k 110 173 27 0.3 3.8
451k-475k 105 146 22 0.2 4.3
476k-500k 105 123 22 0.2 5.1
501k-550k 120 148 20 0.2 4.9
551k-600k 98 133 23 0.2 4.4
601k-650k 58 57 7 0.2 6.1
651k-700k 30 37 6 0.2 4.9
701k-750k 22 13 2 0.1 10.2
751k-800k 22 22 6 0.2 6
801k-850k 8 7 2 0.1 6.9
851k-900k 5 5 0.2 6
901k-950k 9 4 3 0.1 13.5
951k-1m 6 1 0 36
1m-1.1m 5 1 0 30
1.1m-1.2m 5 0
1.2m-1.3m 2 1 0.1 12
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 23% 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
226k-250k 1 0
276k-300k 3 1 1 0.1 18
301k-325k 2 4 1 0.3 3
351k-375k 3 2 1 0.1 9
376k-400k 6 7 1 0.2 5.1
401k-425k 1 3 0.5 2
451k-475k 1 1 0.2 0
476k-500k 1 1 0.2 0
551k-600k 1 0.2 0

Condos 3% 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
101k-125k 1 0.2 0
151k-175k 4 6 1 0.3 4
176k-200k 5 4 0.1 7.5
201k-225k 5 13 2 0.4 2.3
226k-250k 4 2 1 0.1 12
251k-275k 6 2 0.1 18
276k-300k 7 3 0.1 14
301k-325k 4 0
326k-350k 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 3 0.5 0
76k-100k 3 0
101k-125k 6 4 0.1 9
126k-150k 7 7 1 0.2 6
151k-175k 8 5 0.1 9.6
176k-200k 9 1 0 54
201k-225k 2 4 2 0.3 3
226k-250k 6 1 0 36
251k-275k 5 2 2 0.1 15
276k-300k 3 1 1 0.1 18
301k-325k 1 2 0.3 3
326k-350k 5 4 1 0.1 7.5
351k-375k 1 3 1 0.5 2
376k-400k 2 0
401k-425k 1 2 0.3 3
426k-450k 1 0.2 0
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
4.5m-5m 1 0
6.01m-7m 2 0
9.01m-10m 1 0.2 0