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
201k-225k 2 1 0.3 0
226k-250k 2 1 0.3 0
251k-275k 1 1 1 0.2 6
276k-300k 3 10 3 0.6 1.8
301k-325k 6 11 2 0.3 3.3
326k-350k 12 21 4 0.3 3.4
351k-375k 6 32 7 0.9 1.1
376k-400k 13 61 9 0.8 1.3
401k-425k 16 76 12 0.8 1.3
426k-450k 26 76 14 0.5 2.1
451k-475k 26 76 17 0.5 2.1
476k-500k 32 90 26 0.5 2.1
501k-550k 61 140 25 0.4 2.6
551k-600k 50 108 25 0.4 2.8
601k-650k 32 87 14 0.5 2.2
651k-700k 46 68 19 0.2 4.1
701k-750k 31 66 17 0.4 2.8
751k-800k 34 56 15 0.3 3.6
801k-850k 33 40 7 0.2 5
851k-900k 10 36 7 0.6 1.7
901k-950k 15 28 5 0.3 3.2
951k-1m 12 21 9 0.3 3.4
1m-1.1m 16 34 8 0.4 2.8
1.1m-1.2m 12 29 7 0.4 2.5
1.2m-1.3m 15 12 3 0.1 7.5
1.3m-1.4m 9 12 1 0.2 4.5
1.4m-1.5m 5 9 1 0.3 3.3
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 3 6 0.3 3
1.7m-1.8m 2 3 0.3 4
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 4 7 2 0.3 3.4
2m-2.25m 2 2 2 0.2 6
2.25m-2.5m 3 4 1 0.2 4.5
2.5m-2.75m 2 1 0.3 0
2.75m-3m 1 0
3m-3.5m 2 0
3.5m-4m 1 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 3 1 0.5 0
201k-225k 5 2 0.1 15
226k-250k 7 1 0 42
251k-275k 6 14 1 0.4 2.6
276k-300k 8 17 3 0.4 2.8
301k-325k 7 16 3 0.4 2.6
326k-350k 12 30 5 0.4 2.4
351k-375k 6 11 1 0.3 3.3
376k-400k 12 11 1 0.2 6.5
401k-425k 6 14 1 0.4 2.6
426k-450k 8 12 6 0.3 4
451k-475k 5 11 2 0.4 2.7
476k-500k 6 4 1 0.1 9
501k-550k 7 5 1 0.1 8.4
551k-600k 6 1 0 36
601k-650k 4 1 1 0 24
751k-800k 1 0.2 0

Condos 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
176k-200k 1 2 0.3 3
201k-225k 2 1 0.3 0
226k-250k 5 1 1 0 30
251k-275k 1 9 2 1.5 0.7
276k-300k 2 10 1 0.8 1.2
301k-325k 3 2 2 0.1 9
326k-350k 6 1 1 0 36
351k-375k 6 0
376k-400k 2 5 2 0.4 2.4
401k-425k 3 1 0.1 18
426k-450k 2 1 1 0.1 12
451k-475k 3 0.5 0
476k-500k 3 1 0.5 0
501k-550k 4 1 0 24
551k-600k 1 1 1 0.2 6
601k-650k 2 0

Land 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
176k-200k 1 0
276k-300k 1 0
426k-450k 2 0
501k-550k 1 1 0.2 6
651k-700k 4 3 0.7 0
701k-750k 2 1 0.1 12
751k-800k 1 0
801k-850k 4 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0