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 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 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 7 1 1.2 0.9
201k-225k 8 16 1 0.3 3
226k-250k 11 33 6 0.5 2
251k-275k 11 43 10 0.7 1.5
276k-300k 34 64 10 0.3 3.2
301k-325k 28 50 4 0.3 3.4
326k-350k 45 49 5 0.2 5.5
351k-375k 23 33 3 0.2 4.2
376k-400k 15 38 3 0.4 2.4
401k-425k 12 22 6 0.3 3.3
426k-450k 17 14 3 0.1 7.3
451k-475k 5 9 3 0.3 3.3
476k-500k 5 6 1 0.2 5
501k-550k 13 10 1 0.1 7.8
551k-600k 6 7 0.2 5.1
601k-650k 8 3 0.1 16
651k-700k 1 1 0.2 6
751k-800k 1 0.2 0
851k-900k 1 1 0.2 6
1m-1.1m 1 1 0.2 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
76k-100k 1 0
101k-125k 1 0.2 0
126k-150k 4 6 1 0.3 4
151k-175k 7 21 2 0.5 2
176k-200k 26 42 5 0.3 3.7
201k-225k 30 53 6 0.3 3.4
226k-250k 49 49 14 0.2 6
251k-275k 41 25 2 0.1 9.8
276k-300k 25 23 3 0.2 6.5
301k-325k 7 7 0.2 6
326k-350k 10 5 2 0.1 12
351k-375k 3 2 0.1 9
376k-400k 2 0
401k-425k 1 0
426k-450k 1 0
476k-500k 1 0.2 0
501k-550k 1 0.2 0

Condos 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
51k-75k 8 2 0 24
76k-100k 4 3 1 0.1 8
101k-125k 1 1 0.2 6
126k-150k 6 11 5 0.3 3.3
151k-175k 11 19 3 0.3 3.5
176k-200k 17 7 0.1 14.6
201k-225k 10 10 1 0.2 6
226k-250k 8 4 0.1 12
251k-275k 8 1 0 48
276k-300k 3 4 4 0.2 4.5
301k-325k 1 0

Land 0% 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
4m-4.5m 1 0