Supply & Demand in Mesa, 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 22% 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
176k-200k 3 0.5 0
201k-225k 1 2 2 0.3 3
226k-250k 1 10 5 1.7 0.6
251k-275k 4 15 6 0.6 1.6
276k-300k 11 41 6 0.6 1.6
301k-325k 11 62 21 0.9 1.1
326k-350k 35 103 25 0.5 2
351k-375k 41 125 24 0.5 2
376k-400k 61 176 43 0.5 2.1
401k-425k 49 186 34 0.6 1.6
426k-450k 84 179 39 0.4 2.8
451k-475k 63 150 32 0.4 2.5
476k-500k 89 154 38 0.3 3.5
501k-550k 137 247 48 0.3 3.3
551k-600k 120 195 45 0.3 3.7
601k-650k 78 148 31 0.3 3.2
651k-700k 56 106 20 0.3 3.2
701k-750k 52 72 14 0.2 4.3
751k-800k 51 67 13 0.2 4.6
801k-850k 25 45 12 0.3 3.3
851k-900k 20 21 4 0.2 5.7
901k-950k 19 18 6 0.2 6.3
951k-1m 14 19 6 0.2 4.4
1m-1.1m 13 27 4 0.3 2.9
1.1m-1.2m 28 16 2 0.1 10.5
1.2m-1.3m 16 19 5 0.2 5.1
1.3m-1.4m 12 11 2 0.2 6.5
1.4m-1.5m 14 9 1 0.1 9.3
1.5m-1.6m 5 5 2 0.2 6
1.6m-1.7m 5 6 2 0.2 5
1.7m-1.8m 4 8 4 0.3 3
1.8m-1.9m 9 2 1 0 27
1.9m-2m 5 3 0.1 10
2m-2.25m 6 4 1 0.1 9
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 2 2 0.2 6
2.75m-3m 3 2 0.1 9
3m-3.5m 2 2 0.3 0
3.5m-4m 1 1 0.2 0
4m-4.5m 1 1 0.2 6
9.01m-10m 1 0

Townhouses 15% 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 1 0.2 0
176k-200k 2 4 0.3 3
201k-225k 3 12 4 0.7 1.5
226k-250k 15 30 10 0.3 3
251k-275k 34 40 9 0.2 5.1
276k-300k 45 70 16 0.3 3.9
301k-325k 41 55 16 0.2 4.5
326k-350k 44 57 9 0.2 4.6
351k-375k 28 60 18 0.4 2.8
376k-400k 29 48 8 0.3 3.6
401k-425k 16 27 5 0.3 3.6
426k-450k 5 9 1 0.3 3.3
451k-475k 1 1 0.2 6
476k-500k 5 3 1 0.1 10
501k-550k 8 9 3 0.2 5.3
551k-600k 8 4 0.1 12
601k-650k 1 0
651k-700k 2 2 0.2 6
851k-900k 1 0.2 0

Condos 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
151k-175k 3 0.5 0
176k-200k 18 15 2 0.1 7.2
201k-225k 22 17 2 0.1 7.8
226k-250k 29 30 5 0.2 5.8
251k-275k 20 20 2 0.2 6
276k-300k 9 10 4 0.2 5.4
301k-325k 11 17 1 0.3 3.9
326k-350k 6 1 0 36
351k-375k 2 0
376k-400k 1 0
401k-425k 2 0
451k-475k 1 0.2 0
651k-700k 1 0

Land 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
76k-100k 3 1 0.1 18
101k-125k 3 2 0.1 9
126k-150k 4 9 2 0.4 2.7
151k-175k 1 0.2 0
176k-200k 1 1 1 0.2 6
201k-225k 1 1 0.2 6
226k-250k 1 0.2 0
276k-300k 1 2 0.3 3
301k-325k 2 1 0.3 0
326k-350k 2 1 1 0.1 12
351k-375k 1 0.2 0
376k-400k 3 0
401k-425k 3 1 0.1 18
451k-475k 1 1 0.2 6
476k-500k 4 2 0.1 12
501k-550k 1 2 0.3 3
551k-600k 1 0.2 0
601k-650k 1 3 0.5 2
651k-700k 1 1 0.2 6
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.7m-1.8m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0
6.01m-7m 1 0