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 10% 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
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 3 7 0.4 2.6
476k-500k 2 8 0.7 1.5
501k-550k 7 28 9 0.7 1.5
551k-600k 22 49 9 0.4 2.7
601k-650k 37 68 12 0.3 3.3
651k-700k 49 109 18 0.4 2.7
701k-750k 52 81 14 0.3 3.9
751k-800k 39 82 13 0.4 2.9
801k-850k 49 80 16 0.3 3.7
851k-900k 47 105 18 0.4 2.7
901k-950k 35 61 11 0.3 3.4
951k-1m 51 68 11 0.2 4.5
1m-1.1m 58 116 21 0.3 3
1.1m-1.2m 40 109 23 0.5 2.2
1.2m-1.3m 66 79 18 0.2 5
1.3m-1.4m 48 79 13 0.3 3.6
1.4m-1.5m 51 71 15 0.2 4.3
1.5m-1.6m 35 61 12 0.3 3.4
1.6m-1.7m 35 55 13 0.3 3.8
1.7m-1.8m 35 55 12 0.3 3.8
1.8m-1.9m 35 38 6 0.2 5.5
1.9m-2m 38 36 11 0.2 6.3
2m-2.25m 47 65 10 0.2 4.3
2.25m-2.5m 70 60 10 0.1 7
2.5m-2.75m 29 28 6 0.2 6.2
2.75m-3m 59 37 5 0.1 9.6
3m-3.5m 43 44 8 0.2 5.9
3.5m-4m 43 38 8 0.1 6.8
4m-4.5m 34 21 5 0.1 9.7
4.5m-5m 41 16 7 0.1 15.4
5.01m-6m 46 14 1 0.1 19.7
6.01m-7m 25 9 1 0.1 16.7
7.01m-8m 13 5 1 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 4 3 0.1 8
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 11% 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 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 5 1 1 0 30
251k-275k 6 3 1 0
276k-300k 4 9 2 0.4 2.7
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 7 14 4 0.3 3
401k-425k 8 22 2 0.5 2.2
426k-450k 13 23 7 0.3 3.4
451k-475k 12 18 5 0.3 4
476k-500k 20 33 4 0.3 3.6
501k-550k 23 43 11 0.3 3.2
551k-600k 16 43 12 0.4 2.2
601k-650k 27 47 3 0.3 3.4
651k-700k 36 32 9 0.1 6.8
701k-750k 19 33 5 0.3 3.5
751k-800k 25 17 1 0.1 8.8
801k-850k 22 21 3 0.2 6.3
851k-900k 17 31 8 0.3 3.3
901k-950k 11 14 1 0.2 4.7
951k-1m 2 12 2 1 1
1m-1.1m 9 3 2 0.1 18
1.1m-1.2m 11 14 4 0.2 4.7
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 8 2 0 24
1.4m-1.5m 9 2 0 27
1.5m-1.6m 6 1 0 36
1.6m-1.7m 4 2 0.1 12
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 6 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 11% 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
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 17 2 0.4 2.8
251k-275k 22 28 4 0.2 4.7
276k-300k 35 35 4 0.2 6
301k-325k 20 31 4 0.3 3.9
326k-350k 32 42 9 0.2 4.6
351k-375k 20 23 4 0.2 5.2
376k-400k 41 39 5 0.2 6.3
401k-425k 20 39 7 0.3 3.1
426k-450k 24 29 3 0.2 5
451k-475k 14 17 5 0.2 4.9
476k-500k 7 18 6 0.4 2.3
501k-550k 12 17 3 0.2 4.2
551k-600k 2 10 4 0.8 1.2
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 10 9 2 0.2 6.7
801k-850k 11 4 2 0.1 16.5
851k-900k 6 2 1 0.1 18
901k-950k 7 3 0.1 14
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 7 4 1 0.1 10.5
1.2m-1.3m 3 2 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 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 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
51k-75k 2 2 0.2 6
76k-100k 3 2 0.1 9
101k-125k 5 1 0 30
126k-150k 14 4 1 0 21
151k-175k 5 4 1 0.1 7.5
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 2 0
276k-300k 4 1 0 24
301k-325k 3 2 0.1 9
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 2 0.3 3
426k-450k 2 2 1 0.2 6
451k-475k 4 4 1 0.2 6
476k-500k 7 3 1 0.1 14
501k-550k 6 8 3 0.2 4.5
551k-600k 9 4 1 0.1 13.5
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 2 2 0.1 9
1.9m-2m 4 1 0 24
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