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 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
51k-75k 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 1 1 1 0.2 6
251k-275k 1 1 0.2 0
276k-300k 6 6 1 0.2 6
301k-325k 3 13 3 0.7 1.4
326k-350k 12 18 3 0.3 4
351k-375k 5 29 6 1 1
376k-400k 14 55 12 0.7 1.5
401k-425k 19 68 12 0.6 1.7
426k-450k 33 72 14 0.4 2.8
451k-475k 20 65 16 0.5 1.8
476k-500k 50 75 14 0.3 4
501k-550k 49 146 27 0.5 2
551k-600k 46 113 24 0.4 2.4
601k-650k 42 79 20 0.3 3.2
651k-700k 41 67 12 0.3 3.7
701k-750k 25 64 14 0.4 2.3
751k-800k 26 43 9 0.3 3.6
801k-850k 22 38 6 0.3 3.5
851k-900k 20 33 10 0.3 3.6
901k-950k 11 27 8 0.4 2.4
951k-1m 10 17 5 0.3 3.5
1m-1.1m 11 35 7 0.5 1.9
1.1m-1.2m 19 24 8 0.2 4.8
1.2m-1.3m 10 10 1 0.2 6
1.3m-1.4m 11 17 3 0.3 3.9
1.4m-1.5m 1 9 2 1.5 0.7
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 7 3 1.2 0
1.7m-1.8m 1 4 1 0.7 1.5
1.8m-1.9m 4 2 1 0.1 12
1.9m-2m 4 3 1 0.1 8
2m-2.25m 3 1 0.1 18
2.25m-2.5m 4 4 0.2 6
2.5m-2.75m 1 2 1 0.3 3
3m-3.5m 3 0
4m-4.5m 3 0
5.01m-6m 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 0.2 0
176k-200k 2 1 0.1 12
201k-225k 2 3 1 0.3 4
226k-250k 7 2 1 0 21
251k-275k 5 10 3 0.3 3
276k-300k 9 16 4 0.3 3.4
301k-325k 7 11 3 0.3 3.8
326k-350k 17 24 5 0.2 4.3
351k-375k 5 14 2 0.5 2.1
376k-400k 7 11 2 0.3 3.8
401k-425k 8 12 2 0.3 4
426k-450k 11 9 3 0.1 7.3
451k-475k 5 10 1 0.3 3
476k-500k 10 6 1 0.1 10
501k-550k 5 4 2 0.1 7.5
551k-600k 7 4 1 0.1 10.5
601k-650k 2 3 0.3 4
751k-800k 1 1 0.2 0

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

Land 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 1 0.2 0
276k-300k 1 0
426k-450k 1 0
501k-550k 1 1 0.2 6
651k-700k 1 1 0.2 0
701k-750k 1 1 1 0.2 6
751k-800k 1 0
801k-850k 5 0
851k-900k 1 0.2 0
1m-1.1m 3 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0