Supply & Demand in Casa Grande, 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 10% 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 2 0
76k-100k 1 0.2 0
126k-150k 2 1 0.3 0
151k-175k 2 3 0.3 4
176k-200k 3 5 1 0.3 3.6
201k-225k 7 12 2 0.3 3.5
226k-250k 17 17 1 0.2 6
251k-275k 25 34 7 0.2 4.4
276k-300k 43 57 7 0.2 4.5
301k-325k 33 48 2 0.2 4.1
326k-350k 41 41 3 0.2 6
351k-375k 35 52 6 0.2 4
376k-400k 24 44 7 0.3 3.3
401k-425k 27 25 3 0.2 6.5
426k-450k 24 18 1 0.1 8
451k-475k 9 8 2 0.1 6.8
476k-500k 13 8 2 0.1 9.8
501k-550k 13 8 0.1 9.8
551k-600k 9 2 0 27
601k-650k 9 10 0.2 5.4
651k-700k 2 3 1 0.3 4
701k-750k 4 5 0.2 4.8
751k-800k 10 0
801k-850k 1 0.2 0
851k-900k 3 0
901k-950k 1 0.2 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.9m-2m 1 0
3.5m-4m 1 0

Townhouses % 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
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 2 2 0.2 6
201k-225k 1 0.2 0
226k-250k 4 2 0.1 12
251k-275k 1 1 1 0.2 6
276k-300k 6 1 0 36
301k-325k 1 0
326k-350k 1 1 0.2 6
401k-425k 1 0

Condos % 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
126k-150k 1 0.2 0

Land 2% 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 22 20 4 0.2 6.6
26k-50k 22 13 2 0.1 10.2
51k-75k 36 10 0 21.6
76k-100k 18 5 0 21.6
101k-125k 20 4 0 30
126k-150k 23 3 3 0 46
151k-175k 6 1 1 0 36
176k-200k 6 1 1 0 36
201k-225k 2 2 0.2 6
226k-250k 5 0
276k-300k 8 0
301k-325k 3 0
326k-350k 4 0
351k-375k 1 0
376k-400k 5 0
401k-425k 5 0
451k-475k 1 0.2 0
476k-500k 2 1 0.1 12
551k-600k 5 1 0 30
601k-650k 2 0
651k-700k 3 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 3 0
951k-1m 8 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 2 0
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 4 0
2.75m-3m 3 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
5.01m-6m 2 0
6.01m-7m 2 0
7.01m-8m 3 0
8.01m-9m 1 0
10.01m-11m 1 0
13.01m-14m 1 0