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 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
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 4 8 1 0.3 3
476k-500k 1 8 1.3 0.8
501k-550k 5 28 9 0.9 1.1
551k-600k 24 45 6 0.3 3.2
601k-650k 30 67 10 0.4 2.7
651k-700k 43 98 15 0.4 2.6
701k-750k 45 82 15 0.3 3.3
751k-800k 46 81 14 0.3 3.4
801k-850k 49 79 11 0.3 3.7
851k-900k 36 103 15 0.5 2.1
901k-950k 35 61 10 0.3 3.4
951k-1m 40 70 13 0.3 3.4
1m-1.1m 52 115 19 0.4 2.7
1.1m-1.2m 42 106 13 0.4 2.4
1.2m-1.3m 63 82 23 0.2 4.6
1.3m-1.4m 48 80 17 0.3 3.6
1.4m-1.5m 46 77 17 0.3 3.6
1.5m-1.6m 36 57 7 0.3 3.8
1.6m-1.7m 28 53 14 0.3 3.2
1.7m-1.8m 32 51 8 0.3 3.8
1.8m-1.9m 29 39 5 0.2 4.5
1.9m-2m 35 32 8 0.2 6.6
2m-2.25m 45 62 8 0.2 4.4
2.25m-2.5m 67 57 14 0.1 7.1
2.5m-2.75m 29 27 6 0.2 6.4
2.75m-3m 60 34 3 0.1 10.6
3m-3.5m 48 44 10 0.2 6.5
3.5m-4m 42 40 10 0.2 6.3
4m-4.5m 33 18 3 0.1 11
4.5m-5m 39 17 7 0.1 13.8
5.01m-6m 46 15 1 0.1 18.4
6.01m-7m 25 8 2 0.1 18.8
7.01m-8m 13 5 1 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 3 0
21.01m-22m 1 0
22.01m-23m 1 0
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
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 7 2 1 0 21
201k-225k 3 1 0.1 18
226k-250k 5 2 1 0.1 15
251k-275k 6 3 1 0
276k-300k 4 9 2 0.4 2.7
301k-325k 4 12 0.5 2
326k-350k 10 15 3 0.3 4
351k-375k 11 16 4 0.2 4.1
376k-400k 5 12 2 0.4 2.5
401k-425k 9 22 1 0.4 2.5
426k-450k 12 24 8 0.3 3
451k-475k 12 19 4 0.3 3.8
476k-500k 20 30 4 0.3 4
501k-550k 25 43 8 0.3 3.5
551k-600k 19 42 10 0.4 2.7
601k-650k 25 44 5 0.3 3.4
651k-700k 37 30 9 0.1 7.4
701k-750k 18 28 2 0.3 3.9
751k-800k 24 14 1 0.1 10.3
801k-850k 24 21 3 0.1 6.9
851k-900k 13 31 6 0.4 2.5
901k-950k 13 15 1 0.2 5.2
951k-1m 3 11 0.6 1.6
1m-1.1m 11 3 2 0 22
1.1m-1.2m 11 16 4 0.2 4.1
1.2m-1.3m 9 5 0.1 10.8
1.3m-1.4m 7 2 1 0 21
1.4m-1.5m 6 3 1 0.1 12
1.5m-1.6m 5 1 0 30
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 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 5 1 1 0 30
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 1 2 1 0.3 3
126k-150k 2 2 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 9 16 2 0.3 3.4
251k-275k 21 27 3 0.2 4.7
276k-300k 32 34 6 0.2 5.6
301k-325k 20 34 4 0.3 3.5
326k-350k 26 43 13 0.3 3.6
351k-375k 19 19 4 0.2 6
376k-400k 39 39 9 0.2 6
401k-425k 20 41 6 0.3 2.9
426k-450k 23 27 2 0.2 5.1
451k-475k 13 16 2 0.2 4.9
476k-500k 8 18 2 0.4 2.7
501k-550k 12 17 4 0.2 4.2
551k-600k 2 8 4 0.7 1.5
601k-650k 11 5 0.1 13.2
651k-700k 10 13 5 0.2 4.6
701k-750k 15 8 0.1 11.3
751k-800k 9 8 1 0.1 6.8
801k-850k 9 3 2 0.1 18
851k-900k 9 2 0 27
901k-950k 4 4 0.2 6
951k-1m 6 3 0.1 12
1m-1.1m 1 0
1.1m-1.2m 8 4 1 0.1 12
1.2m-1.3m 4 1 0 24
1.3m-1.4m 6 3 1 0.1 12
1.4m-1.5m 4 1 0 24
1.5m-1.6m 3 2 1 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 1 3 0.5 2
2m-2.25m 5 6 2 0.2 5
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 2 2 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 2 1 0.1 12
4m-4.5m 4 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 2 2 0.2 6
76k-100k 3 2 0.1 9
101k-125k 4 2 1 0.1 12
126k-150k 13 3 2 0 26
151k-175k 5 4 1 0.1 7.5
176k-200k 4 1 0 24
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 2 0
351k-375k 4 2 1 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 0.2 0
426k-450k 2 2 1 0.2 6
451k-475k 4 4 1 0.2 6
476k-500k 10 3 1 0.1 20
501k-550k 6 7 2 0.2 5.1
551k-600k 10 2 0 30
601k-650k 6 1 0 36
651k-700k 5 4 1 0.1 7.5
701k-750k 3 0
751k-800k 2 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 7 2 0 21
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 4 1 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 4 1 0 24
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 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