Absorption Report

Buckeye, 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 13% 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 1 0.2 0
201k-225k 1 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 1 3 0.5 2
276k-300k 2 7 2 0.6 1.7
301k-325k 16 21 1 0.2 4.6
326k-350k 53 134 19 0.4 2.4
351k-375k 73 144 17 0.3 3
376k-400k 89 208 21 0.4 2.6
401k-425k 77 133 18 0.3 3.5
426k-450k 75 97 20 0.2 4.6
451k-475k 54 55 7 0.2 5.9
476k-500k 38 47 4 0.2 4.9
501k-550k 51 68 7 0.2 4.5
551k-600k 44 51 8 0.2 5.2
601k-650k 34 26 6 0.1 7.8
651k-700k 26 31 4 0.2 5
701k-750k 17 14 4 0.1 7.3
751k-800k 18 19 1 0.2 5.7
801k-850k 5 8 1 0.3 3.8
851k-900k 8 11 3 0.2 4.4
901k-950k 8 3 1 0.1 16
951k-1m 5 7 0.2 4.3
1m-1.1m 2 5 2 0.4 2.4
1.1m-1.2m 5 4 1 0.1 7.5
1.2m-1.3m 9 2 0 27
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 2 1 0.3 3
1.5m-1.6m 3 0
1.7m-1.8m 3 1 0.5 0
1.8m-1.9m 2 1 0.3 0
2m-2.25m 1 0
2.25m-2.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 1 0.1 12
7.01m-8m 1 0

Townhouses 23% 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
351k-375k 2 1 0.1 12
376k-400k 4 9 2 0.4 2.7
401k-425k 13 7 1 0.1 11.1
426k-450k 3 2 1 0.1 9
476k-500k 2 0
501k-550k 2 2 1 0.2 6
551k-600k 3 0
601k-650k 1 2 1 0.3 3

Land 8% 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
1k-25k 2 0.3 0
26k-50k 6 6 0.2 6
51k-75k 8 3 1 0.1 16
76k-100k 25 14 3 0.1 10.7
101k-125k 15 11 6 0.1 8.2
126k-150k 8 10 1 0.2 4.8
151k-175k 8 2 1 0 24
176k-200k 8 2 0 24
201k-225k 5 4 1 0.1 7.5
226k-250k 5 0
251k-275k 2 2 1 0.2 6
276k-300k 5 2 0.1 15
301k-325k 6 3 0.1 12
326k-350k 3 3 1 0.2 6
351k-375k 1 0
376k-400k 5 1 0 30
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 1 0.2 0
476k-500k 4 0
501k-550k 1 1 0.2 0
551k-600k 1 2 2 0.3 3
601k-650k 4 0
651k-700k 1 1 0.2 6
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 4 0
2.25m-2.5m 4 0
3m-3.5m 1 0
3.5m-4m 4 0
4m-4.5m 1 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0.3 0
15.01m-16m 1 0
27.01m-28m 1 0