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 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
301k-325k 1 0
351k-375k 1 0.2 0
401k-425k 2 0.3 0
426k-450k 1 2 1 0.3 3
451k-475k 3 7 0.4 2.6
476k-500k 1 8 1.3 0.8
501k-550k 6 28 10 0.8 1.3
551k-600k 22 45 7 0.3 2.9
601k-650k 34 67 10 0.3 3
651k-700k 45 101 15 0.4 2.7
701k-750k 47 82 15 0.3 3.4
751k-800k 43 81 14 0.3 3.2
801k-850k 48 78 9 0.3 3.7
851k-900k 40 103 16 0.4 2.3
901k-950k 36 61 11 0.3 3.5
951k-1m 44 69 13 0.3 3.8
1m-1.1m 58 114 18 0.3 3.1
1.1m-1.2m 43 106 13 0.4 2.4
1.2m-1.3m 65 80 22 0.2 4.9
1.3m-1.4m 47 78 13 0.3 3.6
1.4m-1.5m 50 75 15 0.3 4
1.5m-1.6m 36 57 9 0.3 3.8
1.6m-1.7m 31 53 13 0.3 3.5
1.7m-1.8m 35 52 8 0.2 4
1.8m-1.9m 31 38 4 0.2 4.9
1.9m-2m 34 33 9 0.2 6.2
2m-2.25m 46 64 11 0.2 4.3
2.25m-2.5m 71 56 12 0.1 7.6
2.5m-2.75m 27 27 6 0.2 6
2.75m-3m 59 34 4 0.1 10.4
3m-3.5m 45 43 7 0.2 6.3
3.5m-4m 43 42 11 0.2 6.1
4m-4.5m 34 18 3 0.1 11.3
4.5m-5m 40 17 7 0.1 14.1
5.01m-6m 46 14 0.1 19.7
6.01m-7m 25 8 2 0.1 18.8
7.01m-8m 12 5 1 0.1 14.4
8.01m-9m 9 3 0.1 18
9.01m-10m 4 2 0.1 12
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 3 0
21.01m-22m 1 0
22.01m-23m 1 0
24.01m-25m 1 0
29.01m-30m 1 0