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
1k-25k 1 0.2 0
26k-50k 1 0
126k-150k 1 1 0.2 6
176k-200k 3 0.5 0
201k-225k 1 3 0.5 2
226k-250k 4 10 2 0.4 2.4
251k-275k 10 23 2 0.4 2.6
276k-300k 21 33 5 0.3 3.8
301k-325k 18 62 8 0.6 1.7
326k-350k 43 97 17 0.4 2.7
351k-375k 37 131 26 0.6 1.7
376k-400k 54 173 45 0.5 1.9
401k-425k 53 197 46 0.6 1.6
426k-450k 77 163 35 0.4 2.8
451k-475k 72 144 34 0.3 3
476k-500k 82 156 30 0.3 3.2
501k-550k 115 269 58 0.4 2.6
551k-600k 99 192 33 0.3 3.1
601k-650k 69 150 36 0.4 2.8
651k-700k 58 94 19 0.3 3.7
701k-750k 34 76 15 0.4 2.7
751k-800k 25 50 8 0.3 3
801k-850k 25 46 15 0.3 3.3
851k-900k 30 27 3 0.2 6.7
901k-950k 19 19 4 0.2 6
951k-1m 20 21 4 0.2 5.7
1m-1.1m 31 34 6 0.2 5.5
1.1m-1.2m 15 22 2 0.2 4.1
1.2m-1.3m 16 20 3 0.2 4.8
1.3m-1.4m 9 18 4 0.3 3
1.4m-1.5m 6 5 1 0.1 7.2
1.5m-1.6m 4 13 3 0.5 1.8
1.6m-1.7m 2 4 2 0.3 3
1.7m-1.8m 2 3 0.3 4
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 3 0
2m-2.25m 4 5 1 0.2 4.8
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 2 0.3 0
2.75m-3m 2 1 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 3 0
4m-4.5m 2 0
6.01m-7m 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
76k-100k 1 1 0.2 0
126k-150k 1 0
151k-175k 2 4 2 0.3 3
176k-200k 7 8 2 0.2 5.3
201k-225k 16 20 5 0.2 4.8
226k-250k 26 47 11 0.3 3.3
251k-275k 37 44 8 0.2 5
276k-300k 46 74 18 0.3 3.7
301k-325k 49 43 9 0.1 6.8
326k-350k 39 63 13 0.3 3.7
351k-375k 23 43 12 0.3 3.2
376k-400k 26 36 9 0.2 4.3
401k-425k 11 15 3 0.2 4.4
426k-450k 12 4 0.1 18
451k-475k 13 3 2 0 26
476k-500k 9 9 3 0.2 6
501k-550k 10 8 1 0.1 7.5
551k-600k 3 0
601k-650k 1 1 0.2 6
651k-700k 1 0

Condos 7% 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
151k-175k 7 6 0.1 7
176k-200k 19 16 2 0.1 7.1
201k-225k 22 18 4 0.1 7.3
226k-250k 30 23 2 0.1 7.8
251k-275k 13 11 5 0.1 7.1
276k-300k 13 7 1 0.1 11.1
301k-325k 4 4 2 0.2 6
326k-350k 5 0
351k-375k 1 1 0.2 6
376k-400k 1 0.2 0
426k-450k 1 1 0.2 0

Land 12% 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 1 1 0.2 0
51k-75k 2 1 0.1 12
76k-100k 2 0
101k-125k 3 4 0.2 4.5
126k-150k 3 0
151k-175k 1 0.2 0
176k-200k 3 0
201k-225k 1 0
226k-250k 2 0.3 0
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 1 0.2 6
351k-375k 2 0.3 0
376k-400k 2 5 2 0.4 2.4
401k-425k 1 0.2 0
426k-450k 1 0
451k-475k 1 0
476k-500k 2 2 0.2 6
501k-550k 1 0.2 0
551k-600k 2 0
601k-650k 1 1 1 0.2 6
651k-700k 1 0
801k-850k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0.2 0
5.01m-6m 2 0