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 17% 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 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 4 1 0.2 4.5
151k-175k 3 2 1 0.1 9
176k-200k 4 5 0.2 4.8
201k-225k 2 10 0.8 1.2
226k-250k 11 23 1 0.3 2.9
251k-275k 22 48 12 0.4 2.8
276k-300k 38 65 15 0.3 3.5
301k-325k 24 33 6 0.2 4.4
326k-350k 65 54 15 0.1 7.2
351k-375k 40 53 11 0.2 4.5
376k-400k 40 37 8 0.2 6.5
401k-425k 25 33 6 0.2 4.5
426k-450k 22 26 6 0.2 5.1
451k-475k 11 10 2 0.2 6.6
476k-500k 12 10 2 0.1 7.2
501k-550k 11 9 4 0.1 7.3
551k-600k 7 3 0.1 14
601k-650k 6 9 1 0.3 4
651k-700k 7 5 0.1 8.4
701k-750k 9 2 0 27
751k-800k 4 0
801k-850k 1 0
851k-900k 3 1 0.1 18
901k-950k 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.9m-2m 1 0
3m-3.5m 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 0
151k-175k 2 1 0.1 12
176k-200k 2 2 0.2 6
201k-225k 4 1 0.7 0
226k-250k 2 3 0.3 4
251k-275k 3 3 0.2 6
276k-300k 3 3 0.2 6
351k-375k 1 0

Land 4% 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 28 17 5 0.1 9.9
26k-50k 27 13 1 0.1 12.5
51k-75k 32 14 4 0.1 13.7
76k-100k 26 3 1 0 52
101k-125k 17 5 2 0 20.4
126k-150k 22 6 1 0 22
151k-175k 8 0
176k-200k 6 1 0 36
201k-225k 1 0
226k-250k 7 0
251k-275k 2 0
276k-300k 7 0
301k-325k 4 0
326k-350k 3 1 0.1 18
376k-400k 5 0
401k-425k 5 0
426k-450k 3 0
476k-500k 4 1 0 24
501k-550k 2 0
551k-600k 4 0
601k-650k 2 0
651k-700k 2 1 0.1 12
701k-750k 3 0
751k-800k 1 0
851k-900k 7 1 0 42
951k-1m 6 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.5m-1.6m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 0
1.9m-2m 1 0
2m-2.25m 4 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 5 0
3.5m-4m 1 0
4m-4.5m 2 0
5.01m-6m 2 0
6.01m-7m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
10.01m-11m 1 0
11.01m-12m 1 0
13.01m-14m 1 0