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 3 5 0.3 3.6
301k-325k 9 29 5 0.5 1.9
326k-350k 59 150 20 0.4 2.4
351k-375k 70 180 23 0.4 2.3
376k-400k 106 250 40 0.4 2.5
401k-425k 84 131 19 0.3 3.8
426k-450k 86 97 22 0.2 5.3
451k-475k 40 54 12 0.2 4.4
476k-500k 45 57 5 0.2 4.7
501k-550k 50 78 13 0.3 3.8
551k-600k 60 57 10 0.2 6.3
601k-650k 34 29 3 0.1 7
651k-700k 24 32 5 0.2 4.5
701k-750k 17 14 3 0.1 7.3
751k-800k 15 18 0.2 5
801k-850k 7 7 2 0.2 6
851k-900k 7 10 5 0.2 4.2
901k-950k 5 5 1 0.2 6
951k-1m 4 7 3 0.3 3.4
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 2 2 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
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 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 11 10 1 0.2 6.6
51k-75k 10 4 0.1 15
76k-100k 27 13 1 0.1 12.5
101k-125k 17 6 0.1 17
126k-150k 8 12 3 0.3 4
151k-175k 10 2 0 30
176k-200k 14 2 0 42
201k-225k 5 4 2 0.1 7.5
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 5 0.2 4.8
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
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 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