Absorption Report

Buckeye, Sun City Festival

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 11% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
301k-325k 1 0
351k-375k 1 0.2 0
401k-425k 4 0.7 0
426k-450k 1 0
451k-475k 6 1 0
476k-500k 2 9 4 0.8 1.3
501k-550k 8 27 7 0.6 1.8
551k-600k 21 50 8 0.4 2.5
601k-650k 38 68 13 0.3 3.4
651k-700k 53 110 14 0.3 2.9
701k-750k 55 82 10 0.2 4
751k-800k 41 84 12 0.3 2.9
801k-850k 49 79 16 0.3 3.7
851k-900k 48 105 18 0.4 2.7
901k-950k 37 66 11 0.3 3.4
951k-1m 46 71 10 0.3 3.9
1m-1.1m 57 113 22 0.3 3
1.1m-1.2m 43 109 24 0.4 2.4
1.2m-1.3m 52 80 17 0.3 3.9
1.3m-1.4m 54 75 9 0.2 4.3
1.4m-1.5m 54 69 15 0.2 4.7
1.5m-1.6m 30 64 10 0.4 2.8
1.6m-1.7m 37 55 13 0.2 4
1.7m-1.8m 34 57 12 0.3 3.6
1.8m-1.9m 33 38 6 0.2 5.2
1.9m-2m 43 34 7 0.1 7.6
2m-2.25m 38 62 8 0.3 3.7
2.25m-2.5m 73 61 8 0.1 7.2
2.5m-2.75m 28 30 5 0.2 5.6
2.75m-3m 58 38 6 0.1 9.2
3m-3.5m 46 45 9 0.2 6.1
3.5m-4m 43 35 8 0.1 7.4
4m-4.5m 34 22 6 0.1 9.3
4.5m-5m 37 14 7 0.1 15.9
5.01m-6m 47 15 3 0.1 18.8
6.01m-7m 21 11 2 0.1 11.5
7.01m-8m 12 5 1 0.1 14.4
8.01m-9m 8 3 0.1 16
9.01m-10m 5 3 0.1 10
10.01m-11m 2 1 0.1 12
11.01m-12m 1 0
12.01m-13m 2 0
13.01m-14m 1 0
14.01m-15m 4 0
15.01m-16m 1 0
16.01m-17m 1 0
18.01m-19m 1 0
19.01m-20m 2 0
21.01m-22m 1 0
22.01m-23m 1 0
23.01m-24m 1 0
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 6 1 1 0 36
201k-225k 3 1 0.1 18
226k-250k 4 1 1 0 24
251k-275k 1 6 4 1 1
276k-300k 6 8 1 0.2 4.5
301k-325k 4 14 5 0.6 1.7
326k-350k 8 15 2 0.3 3.2
351k-375k 12 15 4 0.2 4.8
376k-400k 6 14 3 0.4 2.6
401k-425k 7 22 2 0.5 1.9
426k-450k 21 22 3 0.2 5.7
451k-475k 13 21 4 0.3 3.7
476k-500k 18 36 3 0.3 3
501k-550k 24 43 15 0.3 3.3
551k-600k 18 42 7 0.4 2.6
601k-650k 29 47 6 0.3 3.7
651k-700k 38 30 6 0.1 7.6
701k-750k 18 32 6 0.3 3.4
751k-800k 27 18 3 0.1 9
801k-850k 19 20 5 0.2 5.7
851k-900k 15 29 7 0.3 3.1
901k-950k 10 15 3 0.3 4
951k-1m 5 12 2 0.4 2.5
1m-1.1m 7 3 2 0.1 14
1.1m-1.2m 12 15 5 0.2 4.8
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 7 2 0 21
1.4m-1.5m 9 4 0.1 13.5
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 5 1 0 30
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 1 2 1 0.3 3
2m-2.25m 2 1 0.1 12
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 5 1 0 30
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6

Condos 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
76k-100k 1 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 2 1 1 0.1 12
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 17 3 0.4 2.8
251k-275k 21 27 3 0.2 4.7
276k-300k 38 34 3 0.1 6.7
301k-325k 20 37 8 0.3 3.2
326k-350k 31 40 8 0.2 4.7
351k-375k 21 24 3 0.2 5.3
376k-400k 39 38 7 0.2 6.2
401k-425k 22 39 9 0.3 3.4
426k-450k 23 28 3 0.2 4.9
451k-475k 13 17 5 0.2 4.6
476k-500k 9 17 6 0.3 3.2
501k-550k 13 15 1 0.2 5.2
551k-600k 3 11 4 0.6 1.6
601k-650k 11 6 0.1 11
651k-700k 11 11 2 0.2 6
701k-750k 14 9 0.1 9.3
751k-800k 10 7 0.1 8.6
801k-850k 13 4 1 0.1 19.5
851k-900k 5 1 1 0 30
901k-950k 5 5 1 0.2 6
951k-1m 4 3 2 0.1 8
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 8 5 1 0.1 9.6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 6 2 1 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 5 0
1.9m-2m 2 5 1 0.4 2.4
2m-2.25m 4 4 2 0.2 6
2.25m-2.5m 3 6 2 0.3 3
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 2 2 1 0.2 6
3m-3.5m 9 4 0.1 13.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 3 0
4.5m-5m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0

Land 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 1 2 0.3 3
76k-100k 4 2 0.1 12
101k-125k 5 1 0 30
126k-150k 13 3 0 26
151k-175k 7 3 0.1 14
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 8 2 0 24
251k-275k 2 0
276k-300k 3 2 1 0.1 9
301k-325k 2 2 0.2 6
326k-350k 2 1 0.1 12
351k-375k 4 1 0 24
376k-400k 5 4 0.1 7.5
401k-425k 1 3 1 0.5 2
426k-450k 2 2 1 0.2 6
451k-475k 4 3 1 0.1 8
476k-500k 7 4 1 0.1 10.5
501k-550k 7 7 3 0.2 6
551k-600k 8 5 1 0.1 9.6
601k-650k 7 1 1 0 42
651k-700k 5 3 0.1 10
701k-750k 7 1 1 0 42
751k-800k 3 0
801k-850k 5 4 1 0.1 7.5
851k-900k 4 0
901k-950k 2 2 1 0.2 6
951k-1m 4 1 0 24
1m-1.1m 6 2 1 0.1 18
1.1m-1.2m 7 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 7 3 1 0.1 14
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 0
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 2 1 0.1 12
2m-2.25m 2 0
2.25m-2.5m 7 0
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 3 1 0.1 18
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0