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
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Balanced
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Buyer's
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< 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
301k-325k 2 0.3 0
326k-350k 1 4 0.7 1.5
351k-375k 2 6 3 0.5 2
376k-400k 10 32 9 0.5 1.9
401k-425k 16 48 12 0.5 2
426k-450k 26 110 20 0.7 1.4
451k-475k 37 107 19 0.5 2.1
476k-500k 52 122 20 0.4 2.6
501k-550k 62 222 40 0.6 1.7
551k-600k 74 197 31 0.4 2.3
601k-650k 65 158 28 0.4 2.5
651k-700k 55 128 18 0.4 2.6
701k-750k 48 110 17 0.4 2.6
751k-800k 37 72 10 0.3 3.1
801k-850k 27 64 10 0.4 2.5
851k-900k 28 42 7 0.3 4
901k-950k 17 27 2 0.3 3.8
951k-1m 17 26 4 0.3 3.9
1m-1.1m 14 38 11 0.5 2.2
1.1m-1.2m 24 26 4 0.2 5.5
1.2m-1.3m 12 26 5 0.4 2.8
1.3m-1.4m 8 21 3 0.4 2.3
1.4m-1.5m 7 15 1 0.4 2.8
1.5m-1.6m 3 11 0.6 1.6
1.6m-1.7m 8 2 1.3 0
1.7m-1.8m 7 5 2 0.1 8.4
1.8m-1.9m 3 9 1 0.5 2
1.9m-2m 3 2 0.1 9
2m-2.25m 11 7 2 0.1 9.4
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 2 7 1 0.6 1.7
2.75m-3m 3 3 0.2 6
3m-3.5m 4 2 0.1 12
3.5m-4m 4 3 0.1 8
4m-4.5m 2 2 0.2 6
4.5m-5m 1 0
5.01m-6m 2 0
19.01m-20m 1 0

Townhouses 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
226k-250k 1 1 0.2 0
251k-275k 2 0.3 0
276k-300k 2 1 0.1 12
301k-325k 8 1 1.3 0
326k-350k 6 6 1 0.2 6
351k-375k 12 16 2 0.2 4.5
376k-400k 10 22 0.4 2.7
401k-425k 4 11 1 0.5 2.2
426k-450k 8 18 3 0.4 2.7
451k-475k 6 4 0.1 9
476k-500k 7 3 0.1 14
501k-550k 2 4 0.3 3
551k-600k 1 2 0.3 3
601k-650k 2 0
801k-850k 1 0.2 0
851k-900k 1 0.2 0
1.2m-1.3m 1 0
1.9m-2m 1 0

Condos 0% 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 1 1 0.2 0
251k-275k 1 0
276k-300k 1 0
301k-325k 1 1 0.2 6
326k-350k 1 1 0.2 6
376k-400k 2 0.3 0
476k-500k 1 0.2 0

Land 27% 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
76k-100k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 0
326k-350k 1 0
401k-425k 1 0.2 0
501k-550k 2 0.3 0
551k-600k 1 1 0.2 6
601k-650k 2 0
651k-700k 1 2 0.3 3
701k-750k 3 0.5 0
751k-800k 3 7 4 0.4 2.6
851k-900k 2 0
901k-950k 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.3m-1.4m 2 0
1.5m-1.6m 1 1 0.2 0
1.6m-1.7m 1 0.2 0
2.25m-2.5m 1 0