Supply & Demand in Gilbert, 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
301k-325k 1 2 0.3 3
326k-350k 3 3 0.5 0
351k-375k 3 12 3 0.7 1.5
376k-400k 3 32 4 1.8 0.6
401k-425k 11 65 8 1 1
426k-450k 17 105 17 1 1
451k-475k 29 101 13 0.6 1.7
476k-500k 31 108 12 0.6 1.7
501k-550k 72 165 19 0.4 2.6
551k-600k 70 159 22 0.4 2.6
601k-650k 45 125 19 0.5 2.2
651k-700k 42 113 15 0.4 2.2
701k-750k 46 80 10 0.3 3.4
751k-800k 26 58 5 0.4 2.7
801k-850k 22 40 5 0.3 3.3
851k-900k 19 45 4 0.4 2.5
901k-950k 13 22 2 0.3 3.5
951k-1m 9 20 5 0.4 2.7
1m-1.1m 19 33 6 0.3 3.5
1.1m-1.2m 17 21 3 0.2 4.9
1.2m-1.3m 11 25 3 0.4 2.6
1.3m-1.4m 4 11 1 0.5 2.2
1.4m-1.5m 3 6 2 0.3 3
1.5m-1.6m 4 7 2 0.3 3.4
1.6m-1.7m 5 11 1 0.4 2.7
1.7m-1.8m 5 2 1 0.1 15
1.8m-1.9m 3 7 1 0.4 2.6
1.9m-2m 6 1 0 36
2m-2.25m 6 6 0.2 6
2.25m-2.5m 4 2 1 0.1 12
2.5m-2.75m 3 2 0.1 9
2.75m-3m 2 2 0.2 6
3m-3.5m 5 2 0.1 15
3.5m-4m 2 1 0.1 12
4m-4.5m 2 2 0.2 6
4.5m-5m 2 0
5.01m-6m 1 0
9.01m-10m 1 0
19.01m-20m 1 0

Townhouses 3% 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
226k-250k 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 3 1 1 0.1 18
301k-325k 4 7 1 0.3 3.4
326k-350k 5 11 4 0.4 2.7
351k-375k 7 12 2 0.3 3.5
376k-400k 14 10 1 0.1 8.4
401k-425k 11 9 1 0.1 7.3
426k-450k 9 10 1 0.2 5.4
451k-475k 6 3 0.1 12
476k-500k 1 3 0.5 2
501k-550k 2 0
551k-600k 1 2 0.3 3
601k-650k 2 0
1.1m-1.2m 2 0

Condos % 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
226k-250k 1 0.2 0
251k-275k 2 0
276k-300k 1 0
376k-400k 1 0.2 0

Land % 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
326k-350k 1 0
401k-425k 1 0.2 0
551k-600k 1 0
601k-650k 2 1 0.1 12
651k-700k 1 2 0.3 3
701k-750k 2 1 0.1 12
751k-800k 2 7 1 0.6 1.7
851k-900k 1 0
951k-1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 0.2 0