Absorption Report

Tempe, 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
301k-325k 6 1 1 0
326k-350k 4 0.7 0
351k-375k 1 8 1.3 0.8
376k-400k 1 15 1 2.5 0.4
401k-425k 5 25 3 0.8 1.2
426k-450k 9 30 2 0.6 1.8
451k-475k 6 30 7 0.8 1.2
476k-500k 18 31 7 0.3 3.5
501k-550k 35 67 7 0.3 3.1
551k-600k 29 57 11 0.3 3.1
601k-650k 13 39 9 0.5 2
651k-700k 22 31 5 0.2 4.3
701k-750k 7 17 4 0.4 2.5
751k-800k 6 8 0.2 4.5
801k-850k 6 7 2 0.2 5.1
851k-900k 5 10 1 0.3 3
901k-950k 4 4 1 0.2 6
951k-1m 3 3 0.2 6
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 2 1 0.3 3
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 2 1 0.3 0
1.4m-1.5m 5 1 1 0 30
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 2 1 0.3 0
2m-2.25m 2 0
2.25m-2.5m 4 0
2.5m-2.75m 1 2 1 0.3 3
3.5m-4m 1 0
4m-4.5m 1 0.2 0
6.01m-7m 1 0

Townhouses 19% 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
201k-225k 1 0
226k-250k 2 2 0.2 6
251k-275k 3 6 2 0.3 3
276k-300k 13 26 2 0.3 3
301k-325k 15 27 3 0.3 3.3
326k-350k 6 19 4 0.5 1.9
351k-375k 6 12 3 0.3 3
376k-400k 7 19 4 0.5 2.2
401k-425k 9 9 1 0.2 6
426k-450k 5 11 2 0.4 2.7
451k-475k 4 8 1 0.3 3
476k-500k 8 1 1.3 0
501k-550k 1 3 1 0.5 2
551k-600k 4 8 1 0.3 3
601k-650k 1 2 0.3 3
651k-700k 1 1 0.2 6
701k-750k 1 0.2 0
751k-800k 1 0

Condos 13% 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
201k-225k 4 6 0.3 4
226k-250k 9 4 0.1 13.5
251k-275k 11 6 1 0.1 11
276k-300k 8 15 3 0.3 3.2
301k-325k 5 3 0.1 10
326k-350k 4 6 2 0.3 4
351k-375k 2 0.3 0
376k-400k 3 0.5 0
401k-425k 3 0.5 0
426k-450k 3 1 0.1 18
451k-475k 4 1 0 24
476k-500k 1 0.2 0
501k-550k 3 5 1 0.3 3.6
551k-600k 1 0
651k-700k 2 0
701k-750k 1 1 0.2 6
951k-1m 2 2 0.3 0
1m-1.1m 1 1 0.2 0

Land 14% 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 0
201k-225k 1 2 0.3 3
276k-300k 1 0.2 0
301k-325k 1 0.2 0
376k-400k 1 0
401k-425k 1 0
701k-750k 1 2 0.3 3
751k-800k 1 0
801k-850k 1 0.2 0
1m-1.1m 1 1 0.2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
3.5m-4m 1 0