Absorption rate – March, 2017

Absorption rate is the percent of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a faster rate, and thus is a Seller’s market. The total absorption rate for metro Phoenix is at 37% for the month of March, 2017.

Certain areas of the metro have higher performance of absorption rates, they are —

  • South East Valley (Chandler-Mesa-Gilbert) 49.7%
  • North West Valley (303 loop) 49.7%
  • Apache Junction 49.6%
  • Peoria and Glendale 47.0%
  • Desert Ridge 44.0%
  • South West Valley 44.0%
  • Ahwatukee 38%

The luxury homes sector, $1 million and more, has the lowest absorption rate at 7% only.

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