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 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 1 0
326k-350k 2 0.3 0
351k-375k 7 16 3 0.4 2.6
376k-400k 5 31 10 1 1
401k-425k 23 70 13 0.5 2
426k-450k 30 94 21 0.5 1.9
451k-475k 26 94 16 0.6 1.7
476k-500k 52 95 19 0.3 3.3
501k-550k 92 173 36 0.3 3.2
551k-600k 80 154 42 0.3 3.1
601k-650k 57 112 23 0.3 3.1
651k-700k 66 118 22 0.3 3.4
701k-750k 43 90 23 0.3 2.9
751k-800k 33 60 18 0.3 3.3
801k-850k 33 50 8 0.3 4
851k-900k 33 45 11 0.2 4.4
901k-950k 15 29 5 0.3 3.1
951k-1m 18 23 6 0.2 4.7
1m-1.1m 25 26 4 0.2 5.8
1.1m-1.2m 19 21 6 0.2 5.4
1.2m-1.3m 20 23 4 0.2 5.2
1.3m-1.4m 11 7 1 0.1 9.4
1.4m-1.5m 4 9 3 0.4 2.7
1.5m-1.6m 8 9 1 0.2 5.3
1.6m-1.7m 11 10 3 0.2 6.6
1.7m-1.8m 8 7 3 0.1 6.9
1.8m-1.9m 6 4 0.1 9
1.9m-2m 11 4 3 0.1 16.5
2m-2.25m 8 5 0.1 9.6
2.25m-2.5m 9 3 1 0.1 18
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 4 4 1 0.2 6
3m-3.5m 3 4 0.2 4.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 4 0
9.01m-10m 1 0
18.01m-19m 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
226k-250k 2 1 0.3 0
251k-275k 4 1 0 24
276k-300k 4 1 0 24
301k-325k 1 11 3 1.8 0.5
326k-350k 8 9 3 0.2 5.3
351k-375k 12 15 2 0.2 4.8
376k-400k 15 16 4 0.2 5.6
401k-425k 7 8 1 0.2 5.3
426k-450k 5 10 2 0.3 3
451k-475k 3 4 2 0.2 4.5
476k-500k 3 4 2 0.2 4.5
501k-550k 2 2 1 0.2 6
551k-600k 3 4 1 0.2 4.5
601k-650k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0

Condos 17% 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 1 0.2 0
276k-300k 4 0

Land 29% 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
101k-125k 1 0.2 0
176k-200k 1 0
326k-350k 1 0.2 0
551k-600k 1 1 0.2 0
601k-650k 4 2 0.7 0
651k-700k 4 0
701k-750k 1 2 2 0.3 3
751k-800k 1 2 0.3 3
801k-850k 1 0.2 0
901k-950k 1 1 0.2 6
951k-1m 1 0
1m-1.1m 2 0.3 0
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
3m-3.5m 1 0