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 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
51k-75k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 1 0
276k-300k 5 7 2 0.2 4.3
301k-325k 7 12 1 0.3 3.5
326k-350k 8 15 0.3 3.2
351k-375k 9 22 4 0.4 2.5
376k-400k 17 52 4 0.5 2
401k-425k 17 80 15 0.8 1.3
426k-450k 29 78 6 0.4 2.2
451k-475k 22 63 8 0.5 2.1
476k-500k 34 68 7 0.3 3
501k-550k 54 147 15 0.5 2.2
551k-600k 36 107 8 0.5 2
601k-650k 33 80 15 0.4 2.5
651k-700k 29 69 7 0.4 2.5
701k-750k 25 61 4 0.4 2.5
751k-800k 25 48 15 0.3 3.1
801k-850k 18 36 6 0.3 3
851k-900k 18 31 3 0.3 3.5
901k-950k 11 23 5 0.3 2.9
951k-1m 11 22 3 0.3 3
1m-1.1m 11 28 2 0.4 2.4
1.1m-1.2m 9 18 5 0.3 3
1.2m-1.3m 13 13 1 0.2 6
1.3m-1.4m 5 17 4 0.6 1.8
1.4m-1.5m 5 9 2 0.3 3.3
1.5m-1.6m 2 2 1 0.2 6
1.6m-1.7m 4 1 0.7 0
1.7m-1.8m 4 5 1 0.2 4.8
1.8m-1.9m 2 1 0.1 12
1.9m-2m 2 2 2 0.2 6
2m-2.25m 3 1 0.1 18
2.25m-2.5m 2 5 0.4 2.4
2.5m-2.75m 3 1 0.1 18
2.75m-3m 1 0
3.5m-4m 1 1 0.2 6
4m-4.5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0.2 0

Townhouses 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
151k-175k 1 0.2 0
201k-225k 3 2 0.1 9
226k-250k 2 2 0.2 6
251k-275k 8 7 1 0.1 6.9
276k-300k 7 15 6 0.4 2.8
301k-325k 7 12 2 0.3 3.5
326k-350k 17 24 7 0.2 4.3
351k-375k 7 15 0.4 2.8
376k-400k 4 13 0.5 1.8
401k-425k 2 12 3 1 1
426k-450k 11 8 0.1 8.3
451k-475k 5 15 3 0.5 2
476k-500k 8 5 2 0.1 9.6
501k-550k 8 3 0.1 16
551k-600k 4 3 0.1 8
601k-650k 2 3 0.3 4
751k-800k 1 0
801k-850k 1 0.2 0

Condos 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
176k-200k 2 1 0.3 0
201k-225k 2 3 1 0.3 4
226k-250k 3 1 0.1 18
251k-275k 2 4 0.3 3
276k-300k 7 12 3 0.3 3.5
301k-325k 1 2 0.3 3
326k-350k 2 1 0.1 12
351k-375k 6 1 0 36
376k-400k 4 4 0.2 6
401k-425k 4 1 0 24
426k-450k 5 1 0 30
451k-475k 1 3 0.5 2
476k-500k 1 0.2 0
501k-550k 1 3 0.5 2

Land 26% 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 0.2 0
201k-225k 1 0.2 0
276k-300k 1 0
426k-450k 1 0
501k-550k 2 1 0.1 12
651k-700k 4 0.7 0
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 4 0
851k-900k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0