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 14% 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 3 7 1 0.4 2.6
301k-325k 13 24 1 0.3 3.3
326k-350k 58 135 16 0.4 2.6
351k-375k 65 156 22 0.4 2.5
376k-400k 89 212 23 0.4 2.5
401k-425k 77 133 21 0.3 3.5
426k-450k 74 98 20 0.2 4.5
451k-475k 50 57 9 0.2 5.3
476k-500k 36 49 4 0.2 4.4
501k-550k 53 70 8 0.2 4.5
551k-600k 45 51 10 0.2 5.3
601k-650k 31 26 8 0.1 7.2
651k-700k 24 31 5 0.2 4.6
701k-750k 13 14 4 0.2 5.6
751k-800k 17 19 1 0.2 5.4
801k-850k 4 8 1 0.3 3
851k-900k 9 10 2 0.2 5.4
901k-950k 7 4 1 0.1 10.5
951k-1m 5 7 0.2 4.3
1m-1.1m 2 5 2 0.4 2.4
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 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 2 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 20% 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 14 8 1 0.1 10.5
426k-450k 5 1 0 30
476k-500k 2 0
501k-550k 2 2 1 0.2 6
551k-600k 2 0
601k-650k 1 2 1 0.3 3

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 0.3 0
26k-50k 7 6 0.1 7
51k-75k 9 2 1 0 27
76k-100k 25 13 2 0.1 11.5
101k-125k 16 12 6 0.1 8
126k-150k 7 12 2 0.3 3.5
151k-175k 9 2 1 0 27
176k-200k 10 2 0 30
201k-225k 6 4 1 0.1 9
226k-250k 5 0
251k-275k 2 1 0.1 12
276k-300k 5 2 0.1 15
301k-325k 8 3 0.1 16
326k-350k 3 2 0.1 9
351k-375k 3 0
376k-400k 5 2 1 0.1 15
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 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