Supply & Demand in Mesa, 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 21% 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 0
151k-175k 1 0
176k-200k 2 0.3 0
201k-225k 3 0.5 0
226k-250k 2 14 4 1.2 0.9
251k-275k 4 23 1 1 1
276k-300k 10 39 7 0.7 1.5
301k-325k 22 62 7 0.5 2.1
326k-350k 24 112 18 0.8 1.3
351k-375k 42 129 22 0.5 2
376k-400k 51 185 34 0.6 1.7
401k-425k 60 197 31 0.5 1.8
426k-450k 63 211 35 0.6 1.8
451k-475k 64 158 17 0.4 2.4
476k-500k 73 167 32 0.4 2.6
501k-550k 114 302 56 0.4 2.3
551k-600k 110 221 41 0.3 3
601k-650k 72 163 26 0.4 2.7
651k-700k 62 98 14 0.3 3.8
701k-750k 49 89 11 0.3 3.3
751k-800k 30 63 12 0.4 2.9
801k-850k 25 54 8 0.4 2.8
851k-900k 27 29 5 0.2 5.6
901k-950k 14 23 2 0.3 3.7
951k-1m 8 26 3 0.5 1.8
1m-1.1m 20 29 8 0.2 4.1
1.1m-1.2m 20 16 3 0.1 7.5
1.2m-1.3m 14 26 5 0.3 3.2
1.3m-1.4m 10 12 2 0.2 5
1.4m-1.5m 11 12 2 0.2 5.5
1.5m-1.6m 4 8 3 0.3 3
1.6m-1.7m 7 5 0.1 8.4
1.7m-1.8m 3 8 1 0.4 2.3
1.8m-1.9m 1 3 0.5 2
1.9m-2m 3 3 0.2 6
2m-2.25m 9 4 0.1 13.5
2.25m-2.5m 7 6 0.1 7
2.5m-2.75m 1 0.2 0
2.75m-3m 3 2 0.5 0
3m-3.5m 2 3 0.3 4
3.5m-4m 3 1 0.1 18
9.01m-10m 1 0

Townhouses 9% 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
126k-150k 1 0
151k-175k 1 1 0.2 0
176k-200k 3 6 2 0.3 3
201k-225k 8 18 3 0.4 2.7
226k-250k 17 41 7 0.4 2.5
251k-275k 18 55 8 0.5 2
276k-300k 47 72 2 0.3 3.9
301k-325k 40 59 5 0.2 4.1
326k-350k 43 60 10 0.2 4.3
351k-375k 22 51 5 0.4 2.6
376k-400k 26 37 2 0.2 4.2
401k-425k 20 29 3 0.2 4.1
426k-450k 5 6 1 0.2 5
451k-475k 2 1 1 0.1 12
476k-500k 3 6 0.3 3
501k-550k 4 6 0.3 4
551k-600k 2 2 0.2 6
601k-650k 2 0.3 0
651k-700k 1 0.2 0

Condos 8% 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
126k-150k 1 1 0.2 0
151k-175k 2 3 1 0.3 4
176k-200k 18 11 2 0.1 9.8
201k-225k 17 18 1 0.2 5.7
226k-250k 26 24 5 0.2 6.5
251k-275k 15 14 1 0.2 6.4
276k-300k 18 7 1 0.1 15.4
301k-325k 7 8 2 0.2 5.3
326k-350k 5 2 0.1 15
451k-475k 1 0
501k-550k 1 0

Land 4% 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 0
51k-75k 1 0
76k-100k 2 2 0.2 6
101k-125k 3 0
126k-150k 9 5 1 0.1 10.8
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 3 0
251k-275k 2 0
276k-300k 1 1 0.2 0
301k-325k 1 1 0.2 6
326k-350k 1 0.2 0
376k-400k 4 0
401k-425k 4 0
426k-450k 2 2 0.2 6
451k-475k 2 0
476k-500k 1 0.2 0
501k-550k 2 1 0.1 12
551k-600k 2 1 0.1 12
651k-700k 1 0.2 0
701k-750k 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0