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 16% 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 6 0.3 3
301k-325k 11 25 2 0.4 2.6
326k-350k 60 134 16 0.4 2.7
351k-375k 69 163 23 0.4 2.5
376k-400k 84 217 29 0.4 2.3
401k-425k 86 129 21 0.3 4
426k-450k 75 95 16 0.2 4.7
451k-475k 52 58 10 0.2 5.4
476k-500k 30 49 4 0.3 3.7
501k-550k 49 71 8 0.2 4.1
551k-600k 46 52 11 0.2 5.3
601k-650k 33 24 7 0.1 8.3
651k-700k 20 32 5 0.3 3.8
701k-750k 12 16 4 0.2 4.5
751k-800k 17 18 3 0.2 5.7
801k-850k 4 8 1 0.3 3
851k-900k 10 10 2 0.2 6
901k-950k 6 4 1 0.1 9
951k-1m 3 7 0.4 2.6
1m-1.1m 3 5 2 0.3 3.6
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 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 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
351k-375k 2 1 0.1 12
376k-400k 8 9 0.2 5.3
401k-425k 14 9 1 0.1 9.3
426k-450k 2 1 0.1 12
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 9% 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 10 3 1 0.1 20
76k-100k 25 14 2 0.1 10.7
101k-125k 16 12 7 0.1 8
126k-150k 7 12 1 0.3 3.5
151k-175k 9 3 2 0.1 18
176k-200k 11 2 0 33
201k-225k 6 4 1 0.1 9
226k-250k 5 1 0 30
251k-275k 2 1 0.1 12
276k-300k 5 2 0.1 15
301k-325k 7 3 0.1 14
326k-350k 4 2 0.1 12
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 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