Supply & Demand in Sun City, 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
101k-125k 1 1 0.2 0
126k-150k 1 1 0.2 0
151k-175k 4 1 0.7 0
176k-200k 1 7 3 1.2 0.9
201k-225k 3 23 6 1.3 0.8
226k-250k 13 42 5 0.5 1.9
251k-275k 18 50 6 0.5 2.2
276k-300k 34 51 14 0.3 4
301k-325k 20 71 16 0.6 1.7
326k-350k 47 50 9 0.2 5.6
351k-375k 18 47 11 0.4 2.3
376k-400k 22 34 6 0.3 3.9
401k-425k 6 20 1 0.6 1.8
426k-450k 11 19 4 0.3 3.5
451k-475k 6 9 1 0.3 4
476k-500k 8 8 4 0.2 6
501k-550k 6 14 1 0.4 2.6
551k-600k 1 14 4 2.3 0.4
601k-650k 3 5 0.3 3.6
651k-700k 1 0
751k-800k 1 0.2 0
851k-900k 1 2 0.3 3
901k-950k 1 0

Townhouses 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
76k-100k 1 1 0.2 6
101k-125k 1 4 1 0.7 1.5
126k-150k 8 19 5 0.4 2.5
151k-175k 18 29 6 0.3 3.7
176k-200k 39 35 5 0.1 6.7
201k-225k 33 42 7 0.2 4.7
226k-250k 46 73 9 0.3 3.8
251k-275k 28 32 7 0.2 5.3
276k-300k 26 22 1 0.1 7.1
301k-325k 7 11 3 0.3 3.8
326k-350k 13 8 0.1 9.8
351k-375k 1 0
376k-400k 3 1 0.1 18
451k-475k 2 0.3 0
501k-550k 1 0
551k-600k 1 1 0.2 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 2 1 0.1 12
26k-50k 6 1 0 36
51k-75k 9 3 0.1 18
76k-100k 4 3 0.1 8
101k-125k 2 2 0.2 6
126k-150k 10 16 6 0.3 3.8
151k-175k 11 19 3 0.3 3.5
176k-200k 12 12 1 0.2 6
201k-225k 3 7 2 0.4 2.6
226k-250k 11 5 0.1 13.2
251k-275k 4 4 1 0.2 6
276k-300k 3 0.5 0
326k-350k 1 0

Land % 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 0
4m-4.5m 1 0