Absorption Report

Scottsdale, 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 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 3 0.5 0
426k-450k 1 1 1 0.2 6
451k-475k 1 7 1 1.2 0.9
476k-500k 2 8 1 0.7 1.5
501k-550k 8 28 9 0.6 1.7
551k-600k 22 49 7 0.4 2.7
601k-650k 38 67 11 0.3 3.4
651k-700k 48 110 18 0.4 2.6
701k-750k 51 82 13 0.3 3.7
751k-800k 36 83 11 0.4 2.6
801k-850k 49 80 16 0.3 3.7
851k-900k 44 105 18 0.4 2.5
901k-950k 35 63 11 0.3 3.3
951k-1m 46 70 12 0.3 3.9
1m-1.1m 59 116 21 0.3 3.1
1.1m-1.2m 40 111 26 0.5 2.2
1.2m-1.3m 57 77 17 0.2 4.4
1.3m-1.4m 51 79 13 0.3 3.9
1.4m-1.5m 52 71 15 0.2 4.4
1.5m-1.6m 31 60 9 0.3 3.1
1.6m-1.7m 35 55 15 0.3 3.8
1.7m-1.8m 33 54 11 0.3 3.7
1.8m-1.9m 34 37 5 0.2 5.5
1.9m-2m 37 37 11 0.2 6
2m-2.25m 41 66 11 0.3 3.7
2.25m-2.5m 69 61 10 0.1 6.8
2.5m-2.75m 28 29 6 0.2 5.8
2.75m-3m 58 37 6 0.1 9.4
3m-3.5m 44 44 8 0.2 6
3.5m-4m 44 38 9 0.1 6.9
4m-4.5m 35 21 4 0.1 10
4.5m-5m 40 16 9 0.1 15
5.01m-6m 46 15 1 0.1 18.4
6.01m-7m 23 10 2 0.1 13.8
7.01m-8m 13 5 1 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 3 4 0.2 4.5
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
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 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
126k-150k 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 7 2 2 0 21
201k-225k 3 1 0.1 18
226k-250k 4 1 1 0 24
251k-275k 5 3 0.8 0
276k-300k 5 8 1 0.3 3.8
301k-325k 4 15 3 0.6 1.6
326k-350k 11 13 2 0.2 5.1
351k-375k 9 16 5 0.3 3.4
376k-400k 6 15 4 0.4 2.4
401k-425k 8 23 3 0.5 2.1
426k-450k 15 23 6 0.3 3.9
451k-475k 12 18 5 0.3 4
476k-500k 20 33 3 0.3 3.6
501k-550k 22 44 13 0.3 3
551k-600k 17 43 10 0.4 2.4
601k-650k 29 47 3 0.3 3.7
651k-700k 34 31 8 0.2 6.6
701k-750k 21 32 4 0.3 3.9
751k-800k 25 18 1 0.1 8.3
801k-850k 23 20 2 0.1 6.9
851k-900k 18 30 6 0.3 3.6
901k-950k 10 15 2 0.3 4
951k-1m 4 11 2 0.5 2.2
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 6 2 0.1 18
1.4m-1.5m 9 2 0 27
1.5m-1.6m 5 1 0 30
1.6m-1.7m 5 2 0.1 15
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 3 1 0.1 10
1.9m-2m 1 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 5 0
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12

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 2 2 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 16 1 0.3 3
251k-275k 19 28 4 0.2 4.1
276k-300k 38 32 2 0.1 7.1
301k-325k 20 34 6 0.3 3.5
326k-350k 32 41 7 0.2 4.7
351k-375k 19 23 4 0.2 5
376k-400k 41 40 7 0.2 6.2
401k-425k 22 38 6 0.3 3.5
426k-450k 24 28 2 0.2 5.1
451k-475k 14 16 5 0.2 5.3
476k-500k 8 18 7 0.4 2.7
501k-550k 12 16 2 0.2 4.5
551k-600k 2 11 4 0.9 1.1
601k-650k 11 6 0.1 11
651k-700k 10 12 3 0.2 5
701k-750k 14 9 0.1 9.3
751k-800k 11 8 1 0.1 8.3
801k-850k 11 4 2 0.1 16.5
851k-900k 6 1 0 36
901k-950k 7 5 1 0.1 8.4
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 7 5 1 0.1 8.4
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 5 4 2 0.1 7.5
1.8m-1.9m 6 1 1 0 36
1.9m-2m 1 5 1 0.8 1.2
2m-2.25m 5 6 3 0.2 5
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 4 2 0.1 12
2.75m-3m 2 2 0.2 6
3m-3.5m 9 4 0.1 13.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 4 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 2 2 0.2 6
76k-100k 3 2 0.1 9
101k-125k 5 1 0 30
126k-150k 13 3 0 26
151k-175k 6 4 1 0.1 9
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 2 1 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 3 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 4 1 0.1 12
601k-650k 6 1 1 0 36
651k-700k 6 3 0.1 12
701k-750k 5 1 1 0 30
751k-800k 3 0
801k-850k 5 3 0.1 10
851k-900k 5 1 1 0 30
901k-950k 2 3 2 0.3 4
951k-1m 3 2 1 0.1 9
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 0.1 14
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 2 1 0.1 12
2m-2.25m 3 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 0
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0