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 19% 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 2 1 0.3 0
201k-225k 1 0.2 0
251k-275k 1 0.2 0
276k-300k 1 6 1 1
301k-325k 5 13 3 0.4 2.3
326k-350k 5 20 3 0.7 1.5
351k-375k 13 25 1 0.3 3.1
376k-400k 13 46 8 0.6 1.7
401k-425k 22 72 15 0.5 1.8
426k-450k 27 86 17 0.5 1.9
451k-475k 26 69 11 0.4 2.3
476k-500k 35 78 15 0.4 2.7
501k-550k 64 158 25 0.4 2.4
551k-600k 59 130 22 0.4 2.7
601k-650k 40 104 13 0.4 2.3
651k-700k 45 79 19 0.3 3.4
701k-750k 31 77 11 0.4 2.4
751k-800k 25 53 6 0.4 2.8
801k-850k 26 46 10 0.3 3.4
851k-900k 28 34 9 0.2 4.9
901k-950k 12 25 6 0.3 2.9
951k-1m 8 30 3 0.6 1.6
1m-1.1m 12 34 6 0.5 2.1
1.1m-1.2m 11 11 4 0.2 6
1.2m-1.3m 10 15 0.3 4
1.3m-1.4m 4 18 4 0.8 1.3
1.4m-1.5m 8 9 3 0.2 5.3
1.5m-1.6m 4 7 1 0.3 3.4
1.6m-1.7m 1 3 0.5 2
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 1 4 0.7 1.5
1.9m-2m 3 0.5 0
2m-2.25m 3 2 0.1 9
2.25m-2.5m 3 2 1 0.1 9
2.5m-2.75m 3 3 0.2 6
2.75m-3m 1 0.2 0
3m-3.5m 3 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0.2 0
5.01m-6m 1 0
6.01m-7m 1 0.2 0

Townhouses 8% 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
201k-225k 1 0.2 0
226k-250k 3 3 1 0.2 6
251k-275k 7 3 1 0.1 14
276k-300k 8 11 0.2 4.4
301k-325k 5 16 1 0.5 1.9
326k-350k 16 25 4 0.3 3.8
351k-375k 6 16 2 0.4 2.3
376k-400k 8 11 0.2 4.4
401k-425k 9 11 2 0.2 4.9
426k-450k 12 15 2 0.2 4.8
451k-475k 4 16 1 0.7 1.5
476k-500k 10 2 1 0 30
501k-550k 10 2 0 30
551k-600k 7 8 3 0.2 5.3
601k-650k 2 6 3 0.5 2
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0.2 0

Condos 11% 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 0.3 0
201k-225k 1 1 1 0.2 6
226k-250k 1 7 1 1.2 0.9
251k-275k 7 6 0.1 7
276k-300k 5 7 1 0.2 4.3
301k-325k 6 5 0.1 7.2
326k-350k 2 2 1 0.2 6
351k-375k 5 3 0.1 10
376k-400k 3 2 1 0.1 9
401k-425k 6 1 0 36
426k-450k 6 1 0 36
451k-475k 1 1 0.2 6
476k-500k 5 0
501k-550k 2 2 1 0.2 6

Land 25% 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 1 0.2 0
201k-225k 1 0.2 0
326k-350k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 2 0
551k-600k 1 0
651k-700k 4 0.7 0
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 1 0.2 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
14.01m-15m 1 0