Sonoran Hills Home Sales Trend Chart
Return to Sonoran Hills Map Sonoran Hills Market Analysis Sonoran Hills Sales Trend Chart Sonoran Hills Recent Home SalesFor current market insights consult a Realtor who lives and works in the area. Contact Us.
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. [ 11 or average of 11 per month]
- Find the total number of active & pending listings on the market last month. [ 7 ]
- Absorption Rate is the percentage of homes removed from the market (sold) each month.
Current Absorption Rate is 26.19% in Sonoran Hills.
To calculate the Months of Inventory for any given market:
- Find the total number of active & pending listings on the market last month. [ 7 ]
- Find the total number of sold transactions for last month. [ 11 ]
- 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 0.6 in Sonoran Hills.
Based on information from the Arizona Regional Multiple Listing Service (ARMLS) for the period Jun, 2024 through Oct, 2024.
Updated Friday, November 29, 2024.
