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 3 0.7 0
276k-300k 3 6 1 0.3 3
301k-325k 12 30 4 0.4 2.4
326k-350k 59 138 19 0.4 2.6
351k-375k 67 174 27 0.4 2.3
376k-400k 94 230 30 0.4 2.5
401k-425k 81 134 28 0.3 3.6
426k-450k 77 96 14 0.2 4.8
451k-475k 49 53 9 0.2 5.5
476k-500k 36 51 3 0.2 4.2
501k-550k 46 74 12 0.3 3.7
551k-600k 55 53 14 0.2 6.2
601k-650k 36 24 5 0.1 9
651k-700k 19 33 8 0.3 3.5
701k-750k 13 16 4 0.2 4.9
751k-800k 15 20 3 0.2 4.5
801k-850k 6 7 0.2 5.1
851k-900k 8 10 3 0.2 4.8
901k-950k 4 4 2 0.2 6
951k-1m 4 8 1 0.3 3
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 3 4 1 0.2 4.5
1.2m-1.3m 10 2 0 30
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 2 1 0.3 0
1.8m-1.9m 2 1 0.3 0
2m-2.25m 3 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 33% 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 7 9 2 0.2 4.7
401k-425k 14 9 1 0.1 9.3
426k-450k 1 1 1 0.2 6
476k-500k 2 0
501k-550k 2 2 1 0.2 6
551k-600k 2 0
601k-650k 2 1 0.1 12

Land 6% 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 9 11 3 0.2 4.9
151k-175k 10 2 1 0 30
176k-200k 11 2 0 33
201k-225k 7 3 0.1 14
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 0.1 14
326k-350k 4 3 0.1 8
351k-375k 3 0
376k-400k 6 2 1 0.1 18
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 3 1 0.1 18
476k-500k 4 0
551k-600k 2 1 1 0.1 12
601k-650k 4 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 1 0.2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 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 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