Absorption Report

Scottsdale, AZ, House

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 2 0.3 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 8 28 9 0.6 1.7
551k-600k 21 49 9 0.4 2.6
601k-650k 35 70 14 0.3 3
651k-700k 48 108 18 0.4 2.7
701k-750k 53 80 14 0.3 4
751k-800k 40 83 12 0.3 2.9
801k-850k 49 79 16 0.3 3.7
851k-900k 45 105 18 0.4 2.6
901k-950k 34 60 11 0.3 3.4
951k-1m 51 69 12 0.2 4.4
1m-1.1m 60 115 18 0.3 3.1
1.1m-1.2m 43 109 23 0.4 2.4
1.2m-1.3m 67 78 17 0.2 5.2
1.3m-1.4m 49 78 11 0.3 3.8
1.4m-1.5m 50 72 16 0.2 4.2
1.5m-1.6m 35 61 12 0.3 3.4
1.6m-1.7m 35 54 13 0.3 3.9
1.7m-1.8m 36 55 12 0.3 3.9
1.8m-1.9m 33 38 6 0.2 5.2
1.9m-2m 39 36 11 0.2 6.5
2m-2.25m 47 64 10 0.2 4.4
2.25m-2.5m 69 60 10 0.1 6.9
2.5m-2.75m 29 29 6 0.2 6
2.75m-3m 56 37 4 0.1 9.1
3m-3.5m 43 43 8 0.2 6
3.5m-4m 43 37 7 0.1 7
4m-4.5m 34 21 4 0.1 9.7
4.5m-5m 42 16 7 0.1 15.8
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 9 3 0.1 18
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