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 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
126k-150k 1 1 0.2 6
151k-175k 2 0.3 0
176k-200k 1 7 1 1.2 0.9
201k-225k 2 20 4 1.7 0.6
226k-250k 4 37 8 1.5 0.6
251k-275k 20 41 8 0.3 2.9
276k-300k 37 43 8 0.2 5.2
301k-325k 38 56 7 0.2 4.1
326k-350k 42 46 8 0.2 5.5
351k-375k 20 27 7 0.2 4.4
376k-400k 28 29 7 0.2 5.8
401k-425k 11 19 2 0.3 3.5
426k-450k 9 20 4 0.4 2.7
451k-475k 7 5 1 0.1 8.4
476k-500k 8 3 1 0.1 16
501k-550k 11 14 2 0.2 4.7
551k-600k 6 8 0.2 4.5
601k-650k 2 6 1 0.5 2
651k-700k 1 0
801k-850k 2 0
851k-900k 2 0.3 0
901k-950k 2 1 0.1 12

Townhouses 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
76k-100k 2 1 0.3 0
101k-125k 1 1 0.2 6
126k-150k 8 13 4 0.3 3.7
151k-175k 14 18 4 0.2 4.7
176k-200k 25 33 6 0.2 4.5
201k-225k 39 50 8 0.2 4.7
226k-250k 56 51 6 0.2 6.6
251k-275k 48 23 6 0.1 12.5
276k-300k 33 22 5 0.1 9
301k-325k 7 5 0.1 8.4
326k-350k 17 5 0 20.4
351k-375k 3 1 0.1 18
376k-400k 3 1 1 0.1 18
401k-425k 1 0.2 0
451k-475k 1 1 0.2 6
476k-500k 1 0.2 0

Condos 5% 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
26k-50k 5 0
51k-75k 7 1 0 42
76k-100k 4 6 0.3 4
101k-125k 2 2 1 0.2 6
126k-150k 9 6 1 0.1 9
151k-175k 14 14 0.2 6
176k-200k 16 11 2 0.1 8.7
201k-225k 10 9 2 0.2 6.7
226k-250k 10 6 2 0.1 10
251k-275k 10 3 0.1 20
276k-300k 2 5 1 0.4 2.4

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
4m-4.5m 1 0