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 1 1 0.2 6
76k-100k 1 0
126k-150k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 1 3 1 0.5 2
226k-250k 4 13 1 0.5 1.8
251k-275k 10 25 3 0.4 2.4
276k-300k 18 37 13 0.3 2.9
301k-325k 14 57 16 0.7 1.5
326k-350k 38 105 26 0.5 2.2
351k-375k 38 135 19 0.6 1.7
376k-400k 60 189 33 0.5 1.9
401k-425k 59 221 51 0.6 1.6
426k-450k 92 207 50 0.4 2.7
451k-475k 64 147 26 0.4 2.6
476k-500k 68 162 29 0.4 2.5
501k-550k 124 298 63 0.4 2.5
551k-600k 109 201 34 0.3 3.3
601k-650k 79 140 17 0.3 3.4
651k-700k 64 109 18 0.3 3.5
701k-750k 38 77 12 0.3 3
751k-800k 29 68 20 0.4 2.6
801k-850k 24 47 10 0.3 3.1
851k-900k 40 31 4 0.1 7.7
901k-950k 27 21 3 0.1 7.7
951k-1m 26 26 8 0.2 6
1m-1.1m 21 32 4 0.3 3.9
1.1m-1.2m 19 18 3 0.2 6.3
1.2m-1.3m 16 21 4 0.2 4.6
1.3m-1.4m 5 19 2 0.6 1.6
1.4m-1.5m 3 6 0.3 3
1.5m-1.6m 6 14 0.4 2.6
1.6m-1.7m 6 5 2 0.1 7.2
1.7m-1.8m 4 1 0 24
1.8m-1.9m 2 7 3 0.6 1.7
1.9m-2m 2 5 1 0.4 2.4
2m-2.25m 3 3 1 0.2 6
2.25m-2.5m 6 2 1 0.1 18
2.5m-2.75m 3 1 0.1 18
2.75m-3m 3 1 0.1 18
3m-3.5m 2 1 0.1 12
3.5m-4m 2 0
4m-4.5m 2 0
5.01m-6m 1 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 0.2 0
126k-150k 1 1 0.2 6
151k-175k 8 2 1.3 0
176k-200k 13 17 7 0.2 4.6
201k-225k 12 24 5 0.3 3
226k-250k 29 54 11 0.3 3.2
251k-275k 39 48 11 0.2 4.9
276k-300k 50 92 12 0.3 3.3
301k-325k 39 52 6 0.2 4.5
326k-350k 33 65 10 0.3 3
351k-375k 20 43 7 0.4 2.8
376k-400k 27 37 7 0.2 4.4
401k-425k 8 15 3 0.3 3.2
426k-450k 11 12 2 0.2 5.5
451k-475k 6 6 2 0.2 6
476k-500k 7 7 0.2 6
501k-550k 4 6 1 0.3 4
551k-600k 1 2 0.3 3
601k-650k 1 1 0.2 6

Condos 10% 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 3 0.5 0
151k-175k 4 7 3 0.3 3.4
176k-200k 17 15 5 0.1 6.8
201k-225k 21 21 3 0.2 6
226k-250k 22 23 3 0.2 5.7
251k-275k 19 13 1 0.1 8.8
276k-300k 8 6 2 0.1 8
301k-325k 5 4 1 0.1 7.5
326k-350k 1 0
351k-375k 2 0.3 0
426k-450k 1 0.2 0
751k-800k 1 0

Land 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
1k-25k 1 0.2 0
51k-75k 2 1 0.1 12
76k-100k 2 0
101k-125k 3 1 0.1 18
126k-150k 3 3 2 0.2 6
176k-200k 3 0
226k-250k 2 0.3 0
251k-275k 2 0
276k-300k 1 0
351k-375k 3 1 0.5 0
376k-400k 5 2 2 0.1 15
401k-425k 1 1 0.2 6
426k-450k 1 1 1 0.2 6
451k-475k 1 0
476k-500k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 1 0.2 6
801k-850k 2 0
851k-900k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
2.25m-2.5m 1 0
4m-4.5m 1 0
5.01m-6m 2 0