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 7 0.7 1.4
326k-350k 55 138 17 0.4 2.4
351k-375k 62 178 25 0.5 2.1
376k-400k 97 241 33 0.4 2.4
401k-425k 76 132 24 0.3 3.5
426k-450k 83 98 19 0.2 5.1
451k-475k 44 52 9 0.2 5.1
476k-500k 41 52 2 0.2 4.7
501k-550k 46 73 11 0.3 3.8
551k-600k 60 48 9 0.1 7.5
601k-650k 35 25 3 0.1 8.4
651k-700k 23 31 5 0.2 4.5
701k-750k 13 15 3 0.2 5.2
751k-800k 15 20 2 0.2 4.5
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 4 8 1 0.3 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 38% 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 3 9 2 0.5 2
401k-425k 13 9 0.1 8.7
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 6 10 0.3 3.6
51k-75k 11 3 0 22
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 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 1 2 0.3 3
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 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