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 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
126k-150k 1 1 0.2 0
151k-175k 2 0
176k-200k 1 1 0.2 0
201k-225k 2 0.3 0
226k-250k 3 12 1 0.7 1.5
251k-275k 8 20 4 0.4 2.4
276k-300k 16 44 10 0.5 2.2
301k-325k 21 61 10 0.5 2.1
326k-350k 32 112 19 0.6 1.7
351k-375k 46 121 22 0.4 2.3
376k-400k 60 179 29 0.5 2
401k-425k 66 200 29 0.5 2
426k-450k 97 182 33 0.3 3.2
451k-475k 58 159 33 0.5 2.2
476k-500k 77 159 25 0.3 2.9
501k-550k 127 285 45 0.4 2.7
551k-600k 128 215 45 0.3 3.6
601k-650k 86 155 33 0.3 3.3
651k-700k 71 89 14 0.2 4.8
701k-750k 48 87 11 0.3 3.3
751k-800k 38 50 5 0.2 4.6
801k-850k 22 48 6 0.4 2.8
851k-900k 29 30 4 0.2 5.8
901k-950k 15 22 2 0.2 4.1
951k-1m 12 22 1 0.3 3.3
1m-1.1m 19 35 9 0.3 3.3
1.1m-1.2m 22 21 5 0.2 6.3
1.2m-1.3m 15 20 3 0.2 4.5
1.3m-1.4m 13 14 3 0.2 5.6
1.4m-1.5m 9 15 4 0.3 3.6
1.5m-1.6m 3 3 0.2 6
1.6m-1.7m 3 5 2 0.3 3.6
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 2 0.3 0
1.9m-2m 5 2 0.1 15
2m-2.25m 4 6 1 0.3 4
2.25m-2.5m 4 4 0.2 6
2.5m-2.75m 1 0.2 0
2.75m-3m 3 4 1 0.2 4.5
3m-3.5m 2 1 0.1 12
3.5m-4m 4 0

Townhouses 13% 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 1 0.2 6
151k-175k 1 3 1 0.5 2
176k-200k 5 7 0.2 4.3
201k-225k 10 16 3 0.3 3.8
226k-250k 20 41 5 0.3 2.9
251k-275k 29 53 8 0.3 3.3
276k-300k 65 61 8 0.2 6.4
301k-325k 36 49 3 0.2 4.4
326k-350k 37 62 13 0.3 3.6
351k-375k 36 41 11 0.2 5.3
376k-400k 23 29 8 0.2 4.8
401k-425k 12 24 2 0.3 3
426k-450k 6 6 1 0.2 6
451k-475k 3 2 1 0.1 9
476k-500k 6 5 2 0.1 7.2
501k-550k 9 4 2 0.1 13.5
551k-600k 3 1 0.5 0
601k-650k 2 0.3 0
651k-700k 1 0.2 0

Condos 14% 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 0.2 0
151k-175k 2 4 1 0.3 3
176k-200k 9 18 6 0.3 3
201k-225k 23 20 3 0.1 6.9
226k-250k 25 26 4 0.2 5.8
251k-275k 14 12 3 0.1 7
276k-300k 12 7 2 0.1 10.3
301k-325k 6 5 1 0.1 7.2
326k-350k 7 2 0 21
376k-400k 1 1 0.2 6
426k-450k 1 0
501k-550k 1 0

Land 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
26k-50k 1 0
51k-75k 2 0
76k-100k 1 1 0.2 6
101k-125k 3 3 1 0.2 6
126k-150k 10 1 0 60
151k-175k 2 0
176k-200k 1 0
201k-225k 1 0
226k-250k 3 1 1 0.1 18
251k-275k 1 1 0.2 6
276k-300k 1 1 0.2 6
301k-325k 1 1 1 0.2 6
326k-350k 1 0.2 0
351k-375k 1 1 0.2 0
376k-400k 4 1 1 0 24
401k-425k 2 1 1 0.1 12
426k-450k 1 2 0.3 3
451k-475k 1 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 3 1 0.1 18
701k-750k 1 1 0.2 6
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 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
1.9m-2m 1 0
2.5m-2.75m 1 1 0.2 0
5.01m-6m 1 0