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 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 47 108 18 0.4 2.6
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 48 79 12 0.3 3.6
1.4m-1.5m 49 72 16 0.2 4.1
1.5m-1.6m 36 61 12 0.3 3.5
1.6m-1.7m 34 54 13 0.3 3.8
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

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 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 12 13 2 0.2 5.5
351k-375k 7 16 5 0.4 2.6
376k-400k 7 13 3 0.3 3.2
401k-425k 8 22 2 0.5 2.2
426k-450k 12 23 7 0.3 3.1
451k-475k 12 18 5 0.3 4
476k-500k 19 33 4 0.3 3.5
501k-550k 24 43 10 0.3 3.3
551k-600k 16 43 12 0.4 2.2
601k-650k 26 47 3 0.3 3.3
651k-700k 37 31 9 0.1 7.2
701k-750k 19 33 5 0.3 3.5
751k-800k 25 17 1 0.1 8.8
801k-850k 21 21 3 0.2 6
851k-900k 15 31 8 0.3 2.9
901k-950k 11 14 1 0.2 4.7
951k-1m 3 12 2 0.7 1.5
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 1 0.1 8
1.3m-1.4m 8 3 1 0.1 16
1.4m-1.5m 8 2 0 24
1.5m-1.6m 5 1 0 30
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 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
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 19 31 4 0.3 3.7
326k-350k 32 41 9 0.2 4.7
351k-375k 20 22 4 0.2 5.5
376k-400k 41 39 5 0.2 6.3
401k-425k 20 39 7 0.3 3.1
426k-450k 24 29 2 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 1 10 4 1.7 0.6
601k-650k 11 5 0.1 13.2
651k-700k 9 12 4 0.2 4.5
701k-750k 15 9 0.1 10
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 6 4 2 0.1 9
1.8m-1.9m 6 1 1 0 36
1.9m-2m 1 5 1 0.8 1.2
2m-2.25m 5 6 2 0.2 5
2.25m-2.5m 4 5 0.2 4.8
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 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 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 2 0.3 0
426k-450k 2 2 1 0.2 6
451k-475k 4 4 1 0.2 6
476k-500k 8 3 1 0.1 16
501k-550k 6 8 3 0.2 4.5
551k-600k 10 2 0 30
601k-650k 7 1 1 0 42
651k-700k 5 3 0.1 10
701k-750k 4 1 1 0 24
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 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