Desert Foothills Area Home Sales Trend
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MLS Status Over Time
Number of Homes Active, Pending, and Sold Each Month
Months of Inventory
Months of Inventory Each Month
To calculate the Absorption Rate for any given market:
- The absorption rate is defined as the rate at which homes that are available in a particular market are sold over a specific time frame, such as over the period of a month.
- Find the average number of sales over the past 6 months. [ 39 or average of 39 per month]
- Find the total number of active & pending listings on the market last month. [ 28 ]
- Absorption Rate is the percentage of homes removed from the market (sold) each month.
Current Absorption Rate is 23.21% in Desert Foothills Area.
To calculate the Months of Inventory for any given market:
- Find the total number of active & pending listings on the market last month. [ 28 ]
- Find the total number of sold transactions for last month. [ 34 ]
- Divide the number of active listings by the number of sales last month to determine the number of Months of Inventory remaining.
Current Months of Inventory is 0.8 in Desert Foothills Area.
Based on information from the Arizona Regional Multiple Listing Service (ARMLS).
Included are Homes Sales within the past six (6) months (since June 2024).
All information should be verified by the recipient. If you have questions Contact The Luckys.
Updated Thursday, December 19, 2024.
