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 17% 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 56 143 19 0.4 2.3
351k-375k 66 182 26 0.5 2.2
376k-400k 109 246 36 0.4 2.7
401k-425k 77 131 23 0.3 3.5
426k-450k 85 95 20 0.2 5.4
451k-475k 44 54 11 0.2 4.9
476k-500k 45 56 5 0.2 4.8
501k-550k 49 77 10 0.3 3.8
551k-600k 59 54 10 0.2 6.6
601k-650k 37 28 3 0.1 7.9
651k-700k 23 31 5 0.2 4.5
701k-750k 15 14 1 0.2 6.4
751k-800k 15 19 1 0.2 4.7
801k-850k 6 7 1 0.2 5.1
851k-900k 7 10 5 0.2 4.2
901k-950k 5 4 1 0.1 7.5
951k-1m 5 7 1 0.2 4.3
1m-1.1m 5 3 0.1 10
1.1m-1.2m 2 4 1 0.3 3
1.2m-1.3m 9 4 0.1 13.5
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 2 0.3 3
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
2.5m-2.75m 1 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 40% 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 2 1 0.1 12
376k-400k 4 9 2 0.4 2.7
401k-425k 12 10 0.1 7.2
426k-450k 2 2 1 0.2 6
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 2 0
601k-650k 1 2 1 0.3 3

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 11 10 1 0.2 6.6
51k-75k 11 3 0 22
76k-100k 29 13 0.1 13.4
101k-125k 17 5 0 20.4
126k-150k 8 12 4 0.3 4
151k-175k 10 1 0 60
176k-200k 12 2 0 36
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 2 2 0.2 6
451k-475k 3 1 0.1 18
476k-500k 4 0
501k-550k 1 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 1 1 0.2 6
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