Supply & Demand in Sun City West, 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 19% 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
176k-200k 1 0
201k-225k 3 1 0.5 0
226k-250k 1 1 1 0.2 6
251k-275k 10 20 2 0.3 3
276k-300k 17 39 6 0.4 2.6
301k-325k 18 51 11 0.5 2.1
326k-350k 22 63 14 0.5 2.1
351k-375k 24 68 13 0.5 2.1
376k-400k 21 45 10 0.4 2.8
401k-425k 26 31 10 0.2 5
426k-450k 22 50 11 0.4 2.6
451k-475k 16 21 5 0.2 4.6
476k-500k 22 19 6 0.1 6.9
501k-550k 20 29 7 0.2 4.1
551k-600k 14 24 5 0.3 3.5
601k-650k 7 11 3 0.3 3.8
651k-700k 5 7 1 0.2 4.3
701k-750k 4 7 1 0.3 3.4
751k-800k 3 7 0.4 2.6
801k-850k 1 6 2 1 1
901k-950k 1 0
951k-1m 2 0.3 0

Townhouses 9% 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
151k-175k 2 2 0.2 6
176k-200k 5 6 2 0.2 5
201k-225k 3 6 0.3 3
226k-250k 10 14 5 0.2 4.3
251k-275k 12 20 2 0.3 3.6
276k-300k 11 9 0.1 7.3
301k-325k 3 2 1 0.1 9
326k-350k 6 7 1 0.2 5.1
351k-375k 2 4 2 0.3 3
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 1 1 1 0.2 6

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
151k-175k 3 2 0.1 9
176k-200k 1 4 1 0.7 1.5
201k-225k 3 14 1 0.8 1.3
226k-250k 4 5 0.2 4.8
251k-275k 3 1 1 0.1 18
276k-300k 3 1 0.1 18