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 13% 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 2 7 2 0.6 1.7
301k-325k 16 23 1 0.2 4.2
326k-350k 52 134 20 0.4 2.3
351k-375k 72 145 17 0.3 3
376k-400k 85 209 23 0.4 2.4
401k-425k 80 133 19 0.3 3.6
426k-450k 72 96 19 0.2 4.5
451k-475k 49 55 9 0.2 5.3
476k-500k 40 47 4 0.2 5.1
501k-550k 52 69 7 0.2 4.5
551k-600k 44 52 10 0.2 5.1
601k-650k 31 26 7 0.1 7.2
651k-700k 26 32 5 0.2 4.9
701k-750k 16 14 4 0.1 6.9
751k-800k 17 19 1 0.2 5.4
801k-850k 4 8 1 0.3 3
851k-900k 10 10 2 0.2 6
901k-950k 8 4 1 0.1 12
951k-1m 5 7 0.2 4.3
1m-1.1m 2 5 2 0.4 2.4
1.1m-1.2m 5 4 1 0.1 7.5
1.2m-1.3m 9 2 0 27
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 2 1 0.3 3
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 1 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 23% 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 4 9 2 0.4 2.7
401k-425k 13 8 1 0.1 9.8
426k-450k 3 2 1 0.1 9
476k-500k 2 0
501k-550k 3 2 1 0.1 9
551k-600k 2 0
601k-650k 1 2 1 0.3 3

Land 8% 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 7 2 1 0 21
76k-100k 22 14 3 0.1 9.4
101k-125k 16 12 6 0.1 8
126k-150k 8 11 1 0.2 4.4
151k-175k 8 2 1 0 24
176k-200k 8 2 0 24
201k-225k 5 4 1 0.1 7.5
226k-250k 5 0
251k-275k 2 1 0.1 12
276k-300k 5 2 0.1 15
301k-325k 6 3 0.1 12
326k-350k 3 3 1 0.2 6
351k-375k 1 0
376k-400k 5 1 0 30
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 1 0.2 0
476k-500k 4 0
501k-550k 1 1 0.2 0
551k-600k 1 2 2 0.3 3
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 2 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 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