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 4 1 0.7 0
276k-300k 2 7 2 0.6 1.7
301k-325k 16 21 1 0.2 4.6
326k-350k 53 133 16 0.4 2.4
351k-375k 71 141 15 0.3 3
376k-400k 92 208 19 0.4 2.7
401k-425k 76 134 18 0.3 3.4
426k-450k 78 96 21 0.2 4.9
451k-475k 54 55 7 0.2 5.9
476k-500k 39 47 4 0.2 5
501k-550k 51 67 7 0.2 4.6
551k-600k 44 51 7 0.2 5.2
601k-650k 34 26 6 0.1 7.8
651k-700k 26 31 4 0.2 5
701k-750k 18 14 3 0.1 7.7
751k-800k 17 19 1 0.2 5.4
801k-850k 5 9 2 0.3 3.3
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 1 0.4 2.4
1.1m-1.2m 6 4 1 0.1 9
1.2m-1.3m 8 2 0 24
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 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 2 1 0.1 12
376k-400k 2 9 2 0.8 1.3
401k-425k 15 7 1 0.1 12.9
426k-450k 3 2 1 0.1 9
476k-500k 2 0
501k-550k 1 3 2 0.5 2
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 26 14 3 0.1 11.1
101k-125k 16 11 6 0.1 8.7
126k-150k 10 10 1 0.2 6
151k-175k 7 2 1 0 21
176k-200k 9 2 0 27
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 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 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