Supply & Demand in Maricopa, 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
76k-100k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 6 12 4 0.3 3
251k-275k 16 30 8 0.3 3.2
276k-300k 63 125 25 0.3 3
301k-325k 79 132 18 0.3 3.6
326k-350k 109 164 30 0.3 4
351k-375k 85 110 15 0.2 4.6
376k-400k 82 112 16 0.2 4.4
401k-425k 52 59 7 0.2 5.3
426k-450k 40 50 2 0.2 4.8
451k-475k 26 17 4 0.1 9.2
476k-500k 33 22 2 0.1 9
501k-550k 15 27 7 0.3 3.3
551k-600k 12 7 0.1 10.3
601k-650k 5 5 2 0.2 6
651k-700k 8 2 0 24
701k-750k 2 0
751k-800k 2 1 0.1 12
1.3m-1.4m 1 0
1.5m-1.6m 1 0

Townhouses 25% 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 2 0.3 0
276k-300k 2 0.3 0
301k-325k 1 1 0.2 6
326k-350k 1 0.2 0
376k-400k 2 1 0.1 12
426k-450k 1 0.2 0

Land 5% 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
1k-25k 3 8 1 0.4 2.3
26k-50k 29 25 4 0.1 7
51k-75k 29 15 3 0.1 11.6
76k-100k 19 7 0.1 16.3
101k-125k 6 6 1 0.2 6
126k-150k 11 4 1 0.1 16.5
151k-175k 5 4 1 0.1 7.5
176k-200k 3 3 1 0.2 6
201k-225k 4 1 0 24
226k-250k 2 0
251k-275k 1 0
276k-300k 3 0
326k-350k 2 0
351k-375k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0.2 0
601k-650k 3 0
651k-700k 2 0
701k-750k 2 0
801k-850k 1 0
901k-950k 1 1 1 0.2 6
951k-1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0
1.9m-2m 1 0
6.01m-7m 1 0
8.01m-9m 1 0