Supply & Demand in Goodyear, 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 24% 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 1 1 0.2 0
276k-300k 5 1 0.8 0
301k-325k 1 7 2 1.2 0.9
326k-350k 14 35 9 0.4 2.4
351k-375k 20 44 12 0.4 2.7
376k-400k 45 69 19 0.3 3.9
401k-425k 56 75 17 0.2 4.5
426k-450k 63 123 23 0.3 3.1
451k-475k 55 95 15 0.3 3.5
476k-500k 80 88 29 0.2 5.5
501k-550k 63 131 29 0.3 2.9
551k-600k 63 94 21 0.2 4
601k-650k 45 46 10 0.2 5.9
651k-700k 33 40 10 0.2 5
701k-750k 21 28 9 0.2 4.5
751k-800k 15 23 10 0.3 3.9
801k-850k 11 15 7 0.2 4.4
851k-900k 4 10 0.4 2.4
901k-950k 4 8 5 0.3 3
951k-1m 4 5 2 0.2 4.8
1m-1.1m 2 5 1 0.4 2.4
1.1m-1.2m 6 6 1 0.2 6
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 1 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 2 0
2.5m-2.75m 2 0

Townhouses 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
251k-275k 1 1 0.2 0
276k-300k 7 3 1 0.1 14
301k-325k 5 0
326k-350k 3 3 0.2 6
351k-375k 2 0.3 0
376k-400k 1 0.2 0
426k-450k 1 3 0.5 2
451k-475k 4 3 1 0.1 8
476k-500k 1 6 2 1 1
501k-550k 2 4 0.3 3
551k-600k 1 1 0.2 6
651k-700k 1 0
1m-1.1m 1 0.2 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
276k-300k 1 0

Land 2% 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
26k-50k 1 1 0.2 0
51k-75k 3 0
76k-100k 3 0
101k-125k 5 4 1 0.1 7.5
126k-150k 8 1 0 48
151k-175k 5 2 0.1 15
176k-200k 4 1 0 24
201k-225k 4 0
226k-250k 6 2 0.1 18
251k-275k 1 0
276k-300k 1 1 0.2 6
301k-325k 2 2 0.3 0
326k-350k 3 0
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
5.01m-6m 1 0