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 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
351k-375k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 2 7 0.6 1.7
476k-500k 5 9 1 0.3 3.3
501k-550k 6 26 3 0.7 1.4
551k-600k 22 54 9 0.4 2.4
601k-650k 20 59 12 0.5 2
651k-700k 38 92 16 0.4 2.5
701k-750k 50 80 8 0.3 3.8
751k-800k 40 73 7 0.3 3.3
801k-850k 48 78 16 0.3 3.7
851k-900k 37 89 11 0.4 2.5
901k-950k 36 59 6 0.3 3.7
951k-1m 33 79 16 0.4 2.5
1m-1.1m 39 110 15 0.5 2.1
1.1m-1.2m 49 110 17 0.4 2.7
1.2m-1.3m 62 81 12 0.2 4.6
1.3m-1.4m 48 79 12 0.3 3.6
1.4m-1.5m 31 73 12 0.4 2.5
1.5m-1.6m 36 66 11 0.3 3.3
1.6m-1.7m 37 48 3 0.2 4.6
1.7m-1.8m 26 49 8 0.3 3.2
1.8m-1.9m 30 42 6 0.2 4.3
1.9m-2m 38 34 8 0.1 6.7
2m-2.25m 57 58 10 0.2 5.9
2.25m-2.5m 66 62 14 0.2 6.4
2.5m-2.75m 31 29 5 0.2 6.4
2.75m-3m 52 31 5 0.1 10.1
3m-3.5m 49 42 12 0.1 7
3.5m-4m 42 39 7 0.2 6.5
4m-4.5m 37 20 5 0.1 11.1
4.5m-5m 39 16 4 0.1 14.6
5.01m-6m 48 15 3 0.1 19.2
6.01m-7m 23 10 2 0.1 13.8
7.01m-8m 12 7 2 0.1 10.3
8.01m-9m 8 4 2 0.1 12
9.01m-10m 4 1 0 24
10.01m-11m 2 1 0.1 12
11.01m-12m 2 1 0.1 12
12.01m-13m 3 0
13.01m-14m 2 0
14.01m-15m 4 0
15.01m-16m 1 0
16.01m-17m 1 0
18.01m-19m 1 0
19.01m-20m 1 0
21.01m-22m 1 0
22.01m-23m 1 1 0.2 6
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
76k-100k 1 0
126k-150k 2 0.3 0
151k-175k 2 2 0.2 6
176k-200k 6 3 1 0.1 12
201k-225k 3 0
226k-250k 5 3 1 0.1 10
251k-275k 1 5 0.8 1.2
276k-300k 3 9 2 0.5 2
301k-325k 4 14 0.6 1.7
326k-350k 6 15 3 0.4 2.4
351k-375k 15 15 2 0.2 6
376k-400k 9 11 1 0.2 4.9
401k-425k 12 18 0.3 4
426k-450k 9 22 5 0.4 2.5
451k-475k 16 18 1 0.2 5.3
476k-500k 13 29 7 0.4 2.7
501k-550k 25 50 9 0.3 3
551k-600k 21 40 6 0.3 3.2
601k-650k 25 49 8 0.3 3.1
651k-700k 29 37 16 0.2 4.7
701k-750k 18 25 6 0.2 4.3
751k-800k 30 12 2 0.1 15
801k-850k 21 23 5 0.2 5.5
851k-900k 15 28 4 0.3 3.2
901k-950k 11 13 2 0.2 5.1
951k-1m 7 8 1 0.2 5.3
1m-1.1m 10 9 5 0.2 6.7
1.1m-1.2m 9 15 1 0.3 3.6
1.2m-1.3m 9 7 2 0.1 7.7
1.3m-1.4m 7 4 2 0.1 10.5
1.4m-1.5m 6 3 1 0.1 12
1.5m-1.6m 5 1 0 30
1.6m-1.7m 2 5 4 0.4 2.4
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 5 1 0 30
2.75m-3m 1 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6

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 3 2 0.5 0
101k-125k 1 3 1 0.5 2
126k-150k 3 2 0.1 9
151k-175k 1 0
176k-200k 1 1 0.2 0
201k-225k 3 7 1 0.4 2.6
226k-250k 11 17 3 0.3 3.9
251k-275k 14 26 4 0.3 3.2
276k-300k 35 28 4 0.1 7.5
301k-325k 18 33 5 0.3 3.3
326k-350k 30 42 4 0.2 4.3
351k-375k 24 23 5 0.2 6.3
376k-400k 36 40 7 0.2 5.4
401k-425k 22 34 3 0.3 3.9
426k-450k 22 24 4 0.2 5.5
451k-475k 18 14 1 0.1 7.7
476k-500k 15 15 0.2 6
501k-550k 20 18 2 0.2 6.7
551k-600k 7 9 4 0.2 4.7
601k-650k 9 5 2 0.1 10.8
651k-700k 10 12 2 0.2 5
701k-750k 11 3 0 22
751k-800k 14 8 0.1 10.5
801k-850k 9 3 1 0.1 18
851k-900k 10 4 2 0.1 15
901k-950k 3 3 0.2 6
951k-1m 5 4 1 0.1 7.5
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 7 2 0 21
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 6 1 0 36
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 4 3 0.1 8
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 2 3 1 0.3 4
2m-2.25m 6 7 1 0.2 5.1
2.25m-2.5m 3 5 2 0.3 3.6
2.5m-2.75m 3 3 0.2 6
2.75m-3m 3 3 1 0.2 6
3m-3.5m 11 5 1 0.1 13.2
3.5m-4m 2 2 0.2 6
4m-4.5m 3 0
4.5m-5m 1 2 0.3 3
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 1 0.1 12
76k-100k 4 1 0 24
101k-125k 5 2 0.1 15
126k-150k 14 4 1 0 21
151k-175k 2 4 1 0.3 3
176k-200k 3 1 0.1 18
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 1 0
276k-300k 4 0
301k-325k 4 2 0.1 12
326k-350k 3 0
351k-375k 4 2 0.1 12
376k-400k 4 2 0.1 12
401k-425k 2 1 0.3 0
426k-450k 2 2 1 0.2 6
451k-475k 3 4 1 0.2 4.5
476k-500k 7 4 1 0.1 10.5
501k-550k 8 10 3 0.2 4.8
551k-600k 9 2 0 27
601k-650k 5 1 0 30
651k-700k 6 4 1 0.1 9
701k-750k 4 0
751k-800k 5 0
801k-850k 5 3 0.1 10
851k-900k 6 4 2 0.1 9
901k-950k 1 2 0.3 3
951k-1m 3 1 0.1 18
1m-1.1m 6 1 0 36
1.1m-1.2m 7 1 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 0
1.7m-1.8m 6 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 4 1 0 24
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 9 1 0 54
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 2 2 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 3 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 2 0
9.01m-10m 4 0