Supply & Demand in 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 16% 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
126k-150k 1 0.2 0
176k-200k 1 0
201k-225k 3 2 0.5 0
226k-250k 1 1 0.2 6
251k-275k 1 7 2 1.2 0.9
276k-300k 11 30 9 0.5 2.2
301k-325k 38 59 5 0.3 3.9
326k-350k 66 149 27 0.4 2.7
351k-375k 98 168 17 0.3 3.5
376k-400k 122 259 40 0.4 2.8
401k-425k 105 148 20 0.2 4.3
426k-450k 98 112 11 0.2 5.3
451k-475k 50 51 9 0.2 5.9
476k-500k 55 45 5 0.1 7.3
501k-550k 61 55 8 0.2 6.7
551k-600k 36 37 8 0.2 5.8
601k-650k 29 47 6 0.3 3.7
651k-700k 24 34 4 0.2 4.2
701k-750k 24 16 1 0.1 9
751k-800k 15 17 4 0.2 5.3
801k-850k 18 14 1 0.1 7.7
851k-900k 14 12 0.1 7
901k-950k 4 1 0.7 0
951k-1m 1 9 2 1.5 0.7
1m-1.1m 7 8 1 0.2 5.3
1.1m-1.2m 5 6 0.2 5
1.2m-1.3m 8 7 1 0.1 6.9
1.3m-1.4m 6 4 1 0.1 9
1.4m-1.5m 2 0
1.6m-1.7m 2 2 2 0.2 6
1.7m-1.8m 2 0
1.8m-1.9m 1 2 1 0.3 3
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 2 0
2.5m-2.75m 2 0
2.75m-3m 2 0
3m-3.5m 4 1 0 24

Townhouses 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
326k-350k 2 0.3 0
351k-375k 2 2 0.2 6
376k-400k 11 2 0 33
401k-425k 2 4 1 0.3 3
426k-450k 2 2 0.2 6
451k-475k 1 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 2 2 0.2 6
601k-650k 1 1 1 0.2 6

Condos % 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
226k-250k 1 0

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 6 6 1 0.2 6
26k-50k 14 3 2 0 28
51k-75k 23 3 0 46
76k-100k 19 9 1 0.1 12.7
101k-125k 10 4 0.1 15
126k-150k 13 3 1 0 26
151k-175k 5 3 1 0.1 10
176k-200k 5 2 0.1 15
201k-225k 6 1 0 36
226k-250k 4 8 1 0.3 3
251k-275k 3 3 0.2 6
276k-300k 6 3 0.1 12
301k-325k 3 0
326k-350k 6 1 0 36
351k-375k 2 0
376k-400k 9 1 0 54
401k-425k 1 0
426k-450k 3 3 0.2 6
451k-475k 1 1 0.2 6
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 2 0
701k-750k 4 0
751k-800k 1 0
801k-850k 1 1 0.2 6
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 2 0
1.9m-2m 1 0
2m-2.25m 4 1 0 24
2.25m-2.5m 2 1 0.1 12
2.75m-3m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0
12.01m-13m 1 1 0.2 0
15.01m-16m 1 0
19.01m-20m 1 0
25.01m-26m 1 0.2 0
44.01m-45m 1 0