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 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
1k-25k 1 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 4 1 0.7 0
151k-175k 10 3 1.7 0
176k-200k 4 16 5 0.7 1.5
201k-225k 3 20 4 1.1 0.9
226k-250k 7 43 9 1 1
251k-275k 8 57 13 1.2 0.8
276k-300k 43 126 31 0.5 2
301k-325k 86 211 39 0.4 2.4
326k-350k 151 387 65 0.4 2.3
351k-375k 165 382 77 0.4 2.6
376k-400k 241 424 62 0.3 3.4
401k-425k 129 342 59 0.4 2.3
426k-450k 152 300 56 0.3 3
451k-475k 115 209 55 0.3 3.3
476k-500k 133 242 44 0.3 3.3
501k-550k 189 342 62 0.3 3.3
551k-600k 171 299 42 0.3 3.4
601k-650k 139 250 32 0.3 3.3
651k-700k 132 207 37 0.3 3.8
701k-750k 87 194 36 0.4 2.7
751k-800k 92 142 15 0.3 3.9
801k-850k 71 109 20 0.3 3.9
851k-900k 69 94 13 0.2 4.4
901k-950k 43 77 14 0.3 3.4
951k-1m 37 69 17 0.3 3.2
1m-1.1m 56 85 13 0.3 4
1.1m-1.2m 63 78 13 0.2 4.8
1.2m-1.3m 59 68 15 0.2 5.2
1.3m-1.4m 51 51 12 0.2 6
1.4m-1.5m 34 39 4 0.2 5.2
1.5m-1.6m 21 27 5 0.2 4.7
1.6m-1.7m 21 27 3 0.2 4.7
1.7m-1.8m 22 27 2 0.2 4.9
1.8m-1.9m 23 28 5 0.2 4.9
1.9m-2m 16 6 2 0.1 16
2m-2.25m 20 25 4 0.2 4.8
2.25m-2.5m 29 21 5 0.1 8.3
2.5m-2.75m 9 9 2 0.2 6
2.75m-3m 22 3 0 44
3m-3.5m 16 12 2 0.1 8
3.5m-4m 16 13 1 0.1 7.4
4m-4.5m 7 3 0.1 14
4.5m-5m 5 4 0.1 7.5
5.01m-6m 5 2 0.1 15
6.01m-7m 7 2 0 21
7.01m-8m 1 0
8.01m-9m 5 0
9.01m-10m 1 2 1 0.3 3
10.01m-11m 1 0
12.01m-13m 3 0
13.01m-14m 1 0
14.01m-15m 2 0

Townhouses 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
51k-75k 1 1 1 0.2 6
76k-100k 1 4 0.7 1.5
101k-125k 3 9 4 0.5 2
126k-150k 10 13 4 0.2 4.6
151k-175k 16 17 6 0.2 5.6
176k-200k 34 23 5 0.1 8.9
201k-225k 41 54 7 0.2 4.6
226k-250k 48 49 9 0.2 5.9
251k-275k 44 49 8 0.2 5.4
276k-300k 54 95 20 0.3 3.4
301k-325k 43 66 11 0.3 3.9
326k-350k 52 80 11 0.3 3.9
351k-375k 31 41 5 0.2 4.5
376k-400k 37 45 5 0.2 4.9
401k-425k 22 42 9 0.3 3.1
426k-450k 21 26 4 0.2 4.8
451k-475k 12 25 6 0.3 2.9
476k-500k 27 31 5 0.2 5.2
501k-550k 33 36 4 0.2 5.5
551k-600k 25 25 5 0.2 6
601k-650k 16 32 3 0.3 3
651k-700k 17 31 2 0.3 3.3
701k-750k 11 15 2 0.2 4.4
751k-800k 9 8 2 0.1 6.8
801k-850k 6 5 1 0.1 7.2
851k-900k 4 2 0.1 12
901k-950k 4 3 0.1 8
951k-1m 1 0
1m-1.1m 2 0.3 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 4 0.7 0
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 3 1 0.1 18
1.7m-1.8m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0
3m-3.5m 1 0
4m-4.5m 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
1k-25k 3 0
51k-75k 1 0.2 0
76k-100k 6 3 0.1 12
101k-125k 13 11 1 0.1 7.1
126k-150k 23 13 2 0.1 10.6
151k-175k 21 27 5 0.2 4.7
176k-200k 45 36 10 0.1 7.5
201k-225k 34 34 6 0.2 6
226k-250k 63 44 5 0.1 8.6
251k-275k 51 45 9 0.1 6.8
276k-300k 52 44 10 0.1 7.1
301k-325k 39 40 6 0.2 5.9
326k-350k 30 29 5 0.2 6.2
351k-375k 18 18 3 0.2 6
376k-400k 26 30 5 0.2 5.2
401k-425k 22 12 3 0.1 11
426k-450k 28 13 3 0.1 12.9
451k-475k 12 3 1 0 24
476k-500k 16 8 2 0.1 12
501k-550k 18 8 0.1 13.5
551k-600k 17 17 3 0.2 6
601k-650k 4 7 5 0.3 3.4
651k-700k 5 7 0.2 4.3
701k-750k 3 2 1 0.1 9
751k-800k 2 1 0.1 12
801k-850k 2 0.3 0
851k-900k 4 0
901k-950k 3 2 0.1 9
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 6 4 0.1 9
1.2m-1.3m 5 6 1 0.2 5
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 3 0
1.5m-1.6m 2 2 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 2 0
5.01m-6m 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
1k-25k 3 0
26k-50k 1 1 0.2 6
51k-75k 3 0
76k-100k 6 6 0.2 6
101k-125k 6 6 2 0.2 6
126k-150k 9 13 3 0.2 4.2
151k-175k 8 9 1 0.2 5.3
176k-200k 19 3 1 0 38
201k-225k 9 6 2 0.1 9
226k-250k 16 4 0 24
251k-275k 5 4 1 0.1 7.5
276k-300k 13 6 4 0.1 13
301k-325k 6 4 0.1 9
326k-350k 4 1 0 24
351k-375k 8 1 0 48
376k-400k 14 2 0 42
401k-425k 3 2 0.1 9
426k-450k 11 1 0 66
451k-475k 5 0
476k-500k 9 2 1 0 27
501k-550k 6 2 0.1 18
551k-600k 5 1 0 30
601k-650k 7 0
651k-700k 10 2 0 30
701k-750k 4 0
751k-800k 5 1 0 30
801k-850k 5 0
851k-900k 4 1 1 0 24
901k-950k 4 0
951k-1m 7 1 0 42
1m-1.1m 6 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 5 0
1.3m-1.4m 4 1 1 0 24
1.4m-1.5m 5 0
1.5m-1.6m 4 0
1.6m-1.7m 4 0
1.7m-1.8m 4 0
1.8m-1.9m 1 0
1.9m-2m 3 2 1 0.1 9
2m-2.25m 1 0
2.25m-2.5m 3 4 2 0.2 4.5
2.5m-2.75m 1 0
2.75m-3m 3 0
3m-3.5m 4 1 0 24
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 3 1 0.1 18
6.01m-7m 1 0
9.01m-10m 1 0.2 0