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 0.2 0
251k-275k 4 4 0.7 0
276k-300k 4 6 1 0.3 4
301k-325k 7 30 6 0.7 1.4
326k-350k 56 137 16 0.4 2.5
351k-375k 65 177 25 0.5 2.2
376k-400k 101 239 33 0.4 2.5
401k-425k 77 131 24 0.3 3.5
426k-450k 83 98 18 0.2 5.1
451k-475k 45 51 9 0.2 5.3
476k-500k 41 51 2 0.2 4.8
501k-550k 45 73 12 0.3 3.7
551k-600k 58 50 11 0.1 7
601k-650k 36 26 4 0.1 8.3
651k-700k 20 31 5 0.3 3.9
701k-750k 13 15 3 0.2 5.2
751k-800k 13 21 3 0.3 3.7
801k-850k 8 7 0.1 6.9
851k-900k 6 10 4 0.3 3.6
901k-950k 4 4 1 0.2 6
951k-1m 3 8 1 0.4 2.3
1m-1.1m 4 3 0.1 8
1.1m-1.2m 2 4 1 0.3 3
1.2m-1.3m 10 3 0.1 20
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.3 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 3 0
2.25m-2.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 36% 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 6 9 2 0.3 4
401k-425k 11 9 0.1 7.3
426k-450k 1 2 1 0.3 3
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 2 0
601k-650k 2 1 0.1 12

Land 5% 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 10 0.3 3.6
51k-75k 10 4 1 0.1 15
76k-100k 29 12 0.1 14.5
101k-125k 17 6 1 0.1 17
126k-150k 7 12 3 0.3 3.5
151k-175k 12 1 0 72
176k-200k 11 2 0 33
201k-225k 6 4 2 0.1 9
226k-250k 5 2 0.1 15
251k-275k 3 2 0.1 9
276k-300k 5 2 0.1 15
301k-325k 7 3 1 0.1 14
326k-350k 4 4 0.2 6
351k-375k 3 0
376k-400k 6 1 0 36
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 3 1 0.1 18
476k-500k 4 0
551k-600k 3 0
601k-650k 4 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
851k-900k 1 1 0.2 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 3 0
2.25m-2.5m 3 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