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 13% 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 8 1 0.4 2.3
476k-500k 8 1.3 0
501k-550k 8 26 4 0.5 1.8
551k-600k 20 51 9 0.4 2.4
601k-650k 25 65 8 0.4 2.3
651k-700k 44 100 19 0.4 2.6
701k-750k 44 86 21 0.3 3.1
751k-800k 43 81 15 0.3 3.2
801k-850k 48 79 13 0.3 3.6
851k-900k 38 102 15 0.4 2.2
901k-950k 31 61 10 0.3 3
951k-1m 35 73 18 0.3 2.9
1m-1.1m 42 115 18 0.5 2.2
1.1m-1.2m 50 106 18 0.4 2.8
1.2m-1.3m 67 82 24 0.2 4.9
1.3m-1.4m 44 80 19 0.3 3.3
1.4m-1.5m 40 80 15 0.3 3
1.5m-1.6m 35 57 10 0.3 3.7
1.6m-1.7m 30 53 11 0.3 3.4
1.7m-1.8m 23 54 8 0.4 2.6
1.8m-1.9m 31 38 4 0.2 4.9
1.9m-2m 34 34 10 0.2 6
2m-2.25m 45 58 7 0.2 4.7
2.25m-2.5m 61 57 12 0.2 6.4
2.5m-2.75m 22 29 5 0.2 4.6
2.75m-3m 55 33 2 0.1 10
3m-3.5m 50 43 11 0.1 7
3.5m-4m 40 40 10 0.2 6
4m-4.5m 33 16 3 0.1 12.4
4.5m-5m 39 16 5 0.1 14.6
5.01m-6m 44 15 1 0.1 17.6
6.01m-7m 25 8 1 0.1 18.8
7.01m-8m 13 5 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 3 2 0.1 9
10.01m-11m 2 1 0.1 12
11.01m-12m 1 1 1 0.2 6
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 1 1 0.2 6
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 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 3 1 0.5 0
151k-175k 2 2 1 0.2 6
176k-200k 8 2 1 0 24
201k-225k 2 1 0.1 12
226k-250k 6 2 1 0.1 18
251k-275k 6 3 1 0
276k-300k 1 8 2 1.3 0.8
301k-325k 4 13 1 0.5 1.8
326k-350k 11 15 3 0.2 4.4
351k-375k 12 16 5 0.2 4.5
376k-400k 5 13 3 0.4 2.3
401k-425k 11 23 3 0.3 2.9
426k-450k 12 23 6 0.3 3.1
451k-475k 15 20 5 0.2 4.5
476k-500k 18 30 5 0.3 3.6
501k-550k 25 45 10 0.3 3.3
551k-600k 17 42 12 0.4 2.4
601k-650k 21 45 6 0.4 2.8
651k-700k 34 26 5 0.1 7.8
701k-750k 19 27 2 0.2 4.2
751k-800k 24 16 3 0.1 9
801k-850k 25 21 4 0.1 7.1
851k-900k 13 28 3 0.4 2.8
901k-950k 13 15 1 0.2 5.2
951k-1m 4 10 0.4 2.4
1m-1.1m 10 5 3 0.1 12
1.1m-1.2m 9 17 4 0.3 3.2
1.2m-1.3m 9 5 0.1 10.8
1.3m-1.4m 6 2 1 0.1 18
1.4m-1.5m 7 3 1 0.1 14
1.5m-1.6m 6 1 0 36
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 2 1 0.1 9
1.9m-2m 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 8 3 0.1 16
2.5m-2.75m 5 1 1 0 30
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6

Condos 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
76k-100k 2 1 0.1 12
101k-125k 1 2 1 0.3 3
126k-150k 3 2 0.1 9
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 7 1 1.2 0.9
226k-250k 11 16 2 0.2 4.1
251k-275k 18 28 4 0.3 3.9
276k-300k 32 33 5 0.2 5.8
301k-325k 23 36 5 0.3 3.8
326k-350k 27 45 13 0.3 3.6
351k-375k 21 20 5 0.2 6.3
376k-400k 37 41 11 0.2 5.4
401k-425k 19 39 3 0.3 2.9
426k-450k 21 26 3 0.2 4.8
451k-475k 13 16 2 0.2 4.9
476k-500k 8 17 1 0.4 2.8
501k-550k 18 17 6 0.2 6.4
551k-600k 4 6 0.3 4
601k-650k 11 5 0.1 13.2
651k-700k 9 11 6 0.2 4.9
701k-750k 16 4 0 24
751k-800k 10 9 2 0.2 6.7
801k-850k 9 2 0 27
851k-900k 10 2 0 30
901k-950k 3 4 1 0.2 4.5
951k-1m 6 3 0.1 12
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 4 2 1 0.1 12
1.3m-1.4m 6 3 1 0.1 12
1.4m-1.5m 4 1 0 24
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 6 3 3 0.1 12
1.9m-2m 2 3 0.3 4
2m-2.25m 5 6 1 0.2 5
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 2 2 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 3 2 1 0.1 9
4m-4.5m 3 0
4.5m-5m 1 2 1 0.3 3
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0

Land 5% 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 1 1 0.2 6
76k-100k 3 1 0.1 18
101k-125k 4 2 1 0.1 12
126k-150k 14 3 2 0 28
151k-175k 5 4 1 0.1 7.5
176k-200k 3 1 0.1 18
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 2 0
276k-300k 4 1 0 24
301k-325k 4 3 0.1 8
326k-350k 3 0
351k-375k 5 2 1 0.1 15
376k-400k 5 4 0.1 7.5
401k-425k 1 0.2 0
426k-450k 1 2 1 0.3 3
451k-475k 4 4 1 0.2 6
476k-500k 10 3 0.1 20
501k-550k 8 8 2 0.2 6
551k-600k 7 3 1 0.1 14
601k-650k 6 1 0 36
651k-700k 4 5 2 0.2 4.8
701k-750k 3 0
751k-800k 3 0
801k-850k 5 3 0.1 10
851k-900k 6 2 1 0.1 18
901k-950k 1 2 2 0.3 3
951k-1m 3 2 1 0.1 9
1m-1.1m 6 2 0.1 18
1.1m-1.2m 6 1 0 36
1.2m-1.3m 7 1 0 42
1.3m-1.4m 8 2 0 24
1.4m-1.5m 7 3 1 0.1 14
1.5m-1.6m 4 1 0 24
1.6m-1.7m 1 0
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 2 1 0.1 12
1.9m-2m 5 1 0 30
2m-2.25m 3 0
2.25m-2.5m 7 1 1 0 42
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 3 0
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0