Supply & Demand in Phoenix, 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
1k-25k 1 0
76k-100k 1 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 1 2 0.3 3
151k-175k 8 2 1.3 0
176k-200k 5 9 0.3 3.3
201k-225k 2 20 4 1.7 0.6
226k-250k 8 42 11 0.9 1.1
251k-275k 19 58 6 0.5 2
276k-300k 33 124 19 0.6 1.6
301k-325k 75 201 31 0.4 2.2
326k-350k 129 436 79 0.6 1.8
351k-375k 161 403 55 0.4 2.4
376k-400k 231 488 80 0.4 2.8
401k-425k 120 349 66 0.5 2.1
426k-450k 154 316 48 0.3 2.9
451k-475k 122 201 26 0.3 3.6
476k-500k 116 249 46 0.4 2.8
501k-550k 190 353 46 0.3 3.2
551k-600k 173 330 49 0.3 3.1
601k-650k 126 254 33 0.3 3
651k-700k 122 233 37 0.3 3.1
701k-750k 106 189 28 0.3 3.4
751k-800k 89 170 29 0.3 3.1
801k-850k 69 112 29 0.3 3.7
851k-900k 63 104 16 0.3 3.6
901k-950k 36 87 15 0.4 2.5
951k-1m 44 65 8 0.2 4.1
1m-1.1m 51 90 20 0.3 3.4
1.1m-1.2m 54 82 13 0.3 4
1.2m-1.3m 49 64 6 0.2 4.6
1.3m-1.4m 27 59 4 0.4 2.7
1.4m-1.5m 42 52 7 0.2 4.8
1.5m-1.6m 16 25 6 0.3 3.8
1.6m-1.7m 28 38 3 0.2 4.4
1.7m-1.8m 13 32 2 0.4 2.4
1.8m-1.9m 17 27 5 0.3 3.8
1.9m-2m 16 6 1 0.1 16
2m-2.25m 18 27 5 0.3 4
2.25m-2.5m 29 22 3 0.1 7.9
2.5m-2.75m 3 15 3 0.8 1.2
2.75m-3m 16 8 0.1 12
3m-3.5m 12 13 2 0.2 5.5
3.5m-4m 14 12 0.1 7
4m-4.5m 3 6 0.3 3
4.5m-5m 4 3 0.1 8
5.01m-6m 5 3 0.1 10
6.01m-7m 7 1 0 42
7.01m-8m 4 0
8.01m-9m 2 0
9.01m-10m 1 1 0.2 6
10.01m-11m 1 0
13.01m-14m 1 0
14.01m-15m 1 0
29.01m-30m 1 0

Townhouses 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
51k-75k 1 0
76k-100k 1 4 3 0.7 1.5
101k-125k 2 10 1 0.8 1.2
126k-150k 12 11 2 0.2 6.5
151k-175k 20 16 6 0.1 7.5
176k-200k 39 27 6 0.1 8.7
201k-225k 37 47 9 0.2 4.7
226k-250k 50 57 14 0.2 5.3
251k-275k 38 50 12 0.2 4.6
276k-300k 54 92 21 0.3 3.5
301k-325k 50 71 10 0.2 4.2
326k-350k 35 84 8 0.4 2.5
351k-375k 24 53 4 0.4 2.7
376k-400k 32 49 13 0.3 3.9
401k-425k 20 45 10 0.4 2.7
426k-450k 20 32 2 0.3 3.8
451k-475k 11 31 3 0.5 2.1
476k-500k 19 33 9 0.3 3.5
501k-550k 22 38 7 0.3 3.5
551k-600k 32 27 2 0.1 7.1
601k-650k 16 31 8 0.3 3.1
651k-700k 15 35 5 0.4 2.6
701k-750k 13 15 2 0.2 5.2
751k-800k 8 7 3 0.1 6.9
801k-850k 5 8 1 0.3 3.8
851k-900k 4 3 0.1 8
901k-950k 4 4 0.2 6
1m-1.1m 3 1 0.5 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 1 4 1 0.7 1.5
1.4m-1.5m 3 0
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 1 0.1 12
4m-4.5m 1 0

Condos 6% 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 2 0
51k-75k 5 0.8 0
76k-100k 6 4 0.1 9
101k-125k 9 13 3 0.2 4.2
126k-150k 22 18 2 0.1 7.3
151k-175k 27 26 2 0.2 6.2
176k-200k 41 34 5 0.1 7.2
201k-225k 40 36 5 0.2 6.7
226k-250k 54 48 8 0.1 6.8
251k-275k 42 44 6 0.2 5.7
276k-300k 57 48 7 0.1 7.1
301k-325k 35 36 3 0.2 5.8
326k-350k 38 35 7 0.2 6.5
351k-375k 13 22 3 0.3 3.5
376k-400k 23 29 6 0.2 4.8
401k-425k 14 12 1 0.1 7
426k-450k 29 10 1 0.1 17.4
451k-475k 11 5 2 0.1 13.2
476k-500k 12 7 2 0.1 10.3
501k-550k 18 11 1 0.1 9.8
551k-600k 14 20 0.2 4.2
601k-650k 6 4 0.1 9
651k-700k 6 7 4 0.2 5.1
701k-750k 2 1 0.1 12
751k-800k 2 1 0.1 12
801k-850k 1 1 0.2 6
851k-900k 2 0
901k-950k 2 2 1 0.2 6
951k-1m 2 0
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 4 3 0.1 8
1.2m-1.3m 2 3 1 0.3 4
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0.2 0
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0.3 0
2.75m-3m 1 0
3m-3.5m 2 0
5.01m-6m 1 0

Land 6% 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 4 0
26k-50k 1 1 0.2 6
51k-75k 3 0
76k-100k 5 6 3 0.2 5
101k-125k 6 6 1 0.2 6
126k-150k 9 7 1 0.1 7.7
151k-175k 7 9 1 0.2 4.7
176k-200k 13 2 0 39
201k-225k 10 6 0.1 10
226k-250k 13 5 0.1 15.6
251k-275k 8 6 0.1 8
276k-300k 15 4 1 0 22.5
301k-325k 4 3 0.1 8
326k-350k 8 1 0 48
351k-375k 8 1 0 48
376k-400k 9 2 1 0 27
401k-425k 1 1 0.2 6
426k-450k 12 1 0 72
451k-475k 3 0
476k-500k 8 0
501k-550k 8 1 1 0 48
551k-600k 5 1 0 30
601k-650k 7 0
651k-700k 9 2 0 27
701k-750k 4 2 2 0.1 12
751k-800k 3 2 1 0.1 9
801k-850k 5 0
851k-900k 3 0
901k-950k 4 0
951k-1m 8 1 0 48
1m-1.1m 5 0
1.1m-1.2m 2 0
1.2m-1.3m 5 0
1.3m-1.4m 4 1 0 24
1.4m-1.5m 3 2 1 0.1 9
1.5m-1.6m 5 0
1.6m-1.7m 3 1 1 0.1 18
1.7m-1.8m 3 0
1.8m-1.9m 1 0
1.9m-2m 4 1 0 24
2m-2.25m 1 0
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 4 1 1 0 24
3.5m-4m 2 1 0.1 12
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 3 1 0.1 18
9.01m-10m 1 0.2 0
29.01m-30m 1 0