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 18% 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 4 2 0.7 0
276k-300k 3 6 1 0.3 3
301k-325k 10 28 5 0.5 2.1
326k-350k 65 138 18 0.4 2.8
351k-375k 65 171 26 0.4 2.3
376k-400k 87 229 30 0.4 2.3
401k-425k 89 130 23 0.2 4.1
426k-450k 71 96 14 0.2 4.4
451k-475k 55 51 6 0.2 6.5
476k-500k 31 51 3 0.3 3.6
501k-550k 45 74 8 0.3 3.6
551k-600k 52 52 12 0.2 6
601k-650k 33 25 6 0.1 7.9
651k-700k 21 33 6 0.3 3.8
701k-750k 11 17 5 0.3 3.9
751k-800k 16 19 3 0.2 5.1
801k-850k 5 8 1 0.3 3.8
851k-900k 9 9 2 0.2 6
901k-950k 4 4 2 0.2 6
951k-1m 4 8 1 0.3 3
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 5 3 0.1 10
1.2m-1.3m 9 2 0 27
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.7m-1.8m 2 1 0.3 0
1.8m-1.9m 2 1 0.3 0
2m-2.25m 3 0
2.25m-2.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 1 1 0.1 12
7.01m-8m 1 0

Townhouses 31% 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
326k-350k 1 0.2 0
351k-375k 3 1 0.1 18
376k-400k 8 9 0.2 5.3
401k-425k 14 9 1 0.1 9.3
426k-450k 2 1 1 0.1 12
476k-500k 2 0
501k-550k 2 2 1 0.2 6
551k-600k 2 0
601k-650k 2 1 0.1 12

Land 7% 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 1 0.3 0
26k-50k 6 8 0.2 4.5
51k-75k 10 4 1 0.1 15
76k-100k 28 12 0.1 14
101k-125k 17 10 5 0.1 10.2
126k-150k 7 12 2 0.3 3.5
151k-175k 10 2 1 0 30
176k-200k 11 2 0 33
201k-225k 6 4 1 0.1 9
226k-250k 5 2 0.1 15
251k-275k 2 1 0.1 12
276k-300k 4 2 0.1 12
301k-325k 7 3 0.1 14
326k-350k 4 3 0.1 8
351k-375k 3 0
376k-400k 6 2 1 0.1 18
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 3 1 0.1 18
476k-500k 4 0
501k-550k 1 1 0.2 0
551k-600k 2 1 1 0.1 12
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 3 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 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