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 12% 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
176k-200k 1 0
201k-225k 1 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 4 1 0.7 0
276k-300k 2 7 2 0.6 1.7
301k-325k 15 22 3 0.2 4.1
326k-350k 53 128 13 0.4 2.5
351k-375k 78 138 13 0.3 3.4
376k-400k 99 205 22 0.3 2.9
401k-425k 76 133 16 0.3 3.4
426k-450k 73 97 23 0.2 4.5
451k-475k 58 53 6 0.2 6.6
476k-500k 40 47 3 0.2 5.1
501k-550k 51 69 9 0.2 4.4
551k-600k 45 50 6 0.2 5.4
601k-650k 34 27 5 0.1 7.6
651k-700k 27 31 3 0.2 5.2
701k-750k 21 13 3 0.1 9.7
751k-800k 18 19 2 0.2 5.7
801k-850k 6 10 3 0.3 3.6
851k-900k 12 11 3 0.2 6.5
901k-950k 8 3 0.1 16
951k-1m 7 7 1 0.2 6
1m-1.1m 2 5 1 0.4 2.4
1.1m-1.2m 7 4 1 0.1 10.5
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
1.6m-1.7m 1 0
1.7m-1.8m 3 1 0.5 0
1.8m-1.9m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12
3.5m-4m 1 0
4m-4.5m 2 1 0.1 12
7.01m-8m 1 0

Townhouses 26% 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 3 1 0.1 18
376k-400k 1 9 2 1.5 0.7
401k-425k 15 7 0.1 12.9
426k-450k 3 2 1 0.1 9
476k-500k 2 0
501k-550k 1 3 1 0.5 2
551k-600k 3 0
601k-650k 1 2 1 0.3 3

Land 6% 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 5 7 1 0.2 4.3
51k-75k 8 3 1 0.1 16
76k-100k 27 14 3 0.1 11.6
101k-125k 14 11 6 0.1 7.6
126k-150k 9 10 1 0.2 5.4
151k-175k 6 2 0.1 18
176k-200k 9 2 0 27
201k-225k 5 4 1 0.1 7.5
226k-250k 5 0
251k-275k 3 2 1 0.1 9
276k-300k 5 2 0.1 15
301k-325k 6 3 0.1 12
326k-350k 3 3 0.2 6
351k-375k 1 0
376k-400k 4 1 0 24
401k-425k 2 0
426k-450k 1 2 0.3 3
451k-475k 2 1 0.3 0
476k-500k 4 0
501k-550k 1 1 0.2 0
551k-600k 1 1 1 0.2 6
601k-650k 4 0
651k-700k 1 0.2 0
701k-750k 1 0.2 0
751k-800k 2 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 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