Supply & Demand in Chandler, 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 20% 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
51k-75k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
251k-275k 2 0.3 0
276k-300k 2 6 3 0.5 2
301k-325k 5 8 3 0.3 3.8
326k-350k 5 13 5 0.4 2.3
351k-375k 10 20 4 0.3 3
376k-400k 15 46 11 0.5 2
401k-425k 15 70 8 0.8 1.3
426k-450k 27 99 27 0.6 1.6
451k-475k 28 85 13 0.5 2
476k-500k 21 75 18 0.6 1.7
501k-550k 76 132 23 0.3 3.5
551k-600k 71 111 14 0.3 3.8
601k-650k 42 98 23 0.4 2.6
651k-700k 31 64 16 0.3 2.9
701k-750k 33 58 12 0.3 3.4
751k-800k 34 58 6 0.3 3.5
801k-850k 31 44 16 0.2 4.2
851k-900k 20 33 9 0.3 3.6
901k-950k 20 31 10 0.3 3.9
951k-1m 16 11 2 0.1 8.7
1m-1.1m 23 30 5 0.2 4.6
1.1m-1.2m 13 12 5 0.2 6.5
1.2m-1.3m 5 9 2 0.3 3.3
1.3m-1.4m 9 8 3 0.1 6.8
1.4m-1.5m 13 6 2 0.1 13
1.5m-1.6m 4 9 0.4 2.7
1.6m-1.7m 5 3 1 0.1 10
1.7m-1.8m 2 4 2 0.3 3
1.8m-1.9m 2 2 0.2 6
1.9m-2m 3 2 0.1 9
2m-2.25m 4 3 0.1 8
2.25m-2.5m 3 4 0.2 4.5
2.5m-2.75m 2 0
2.75m-3m 3 0
3.5m-4m 1 0.2 0
4m-4.5m 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
226k-250k 2 4 1 0.3 3
251k-275k 4 1 0.7 0
276k-300k 4 9 0.4 2.7
301k-325k 4 12 4 0.5 2
326k-350k 13 16 3 0.2 4.9
351k-375k 6 13 4 0.4 2.8
376k-400k 8 14 3 0.3 3.4
401k-425k 8 4 2 0.1 12
426k-450k 10 11 4 0.2 5.5
451k-475k 8 11 1 0.2 4.4
476k-500k 5 3 1 0.1 10
501k-550k 4 4 1 0.2 6
551k-600k 5 9 3 0.3 3.3
601k-650k 3 1 0.1 18
651k-700k 2 1 0.3 0

Condos 8% 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 0.2 0
201k-225k 1 1 0.2 0
226k-250k 2 3 1 0.3 4
251k-275k 4 5 1 0.2 4.8
276k-300k 9 12 2 0.2 4.5
301k-325k 3 5 1 0.3 3.6
326k-350k 5 2 1 0.1 15
351k-375k 7 3 0.1 14
376k-400k 3 3 1 0.2 6
401k-425k 3 1 0.1 18
426k-450k 4 1 0 24
451k-475k 1 1 0.2 6
476k-500k 4 1 0 24
501k-550k 6 5 0.1 7.2
551k-600k 4 5 0.2 4.8
601k-650k 1 0

Land 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
201k-225k 1 0
451k-475k 1 1 0.2 6
476k-500k 1 1 0.2 0
501k-550k 2 1 0.1 12
551k-600k 2 0
651k-700k 4 0.7 0
701k-750k 1 0
751k-800k 1 1 0.2 0
801k-850k 1 1 0.2 6
851k-900k 1 1 0.2 6
1m-1.1m 1 0
1.2m-1.3m 2 1 0.3 0
1.9m-2m 1 0
3.5m-4m 1 0.2 0
14.01m-15m 1 0