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 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 2 7 0.6 1.7
476k-500k 1 9 1 1.5 0.7
501k-550k 4 27 4 1.1 0.9
551k-600k 19 53 10 0.5 2.2
601k-650k 22 58 14 0.4 2.3
651k-700k 37 92 14 0.4 2.4
701k-750k 41 79 14 0.3 3.1
751k-800k 43 72 10 0.3 3.6
801k-850k 40 77 13 0.3 3.1
851k-900k 32 91 11 0.5 2.1
901k-950k 29 58 7 0.3 3
951k-1m 36 77 18 0.4 2.8
1m-1.1m 36 112 16 0.5 1.9
1.1m-1.2m 41 107 17 0.4 2.3
1.2m-1.3m 64 80 14 0.2 4.8
1.3m-1.4m 49 79 14 0.3 3.7
1.4m-1.5m 30 71 10 0.4 2.5
1.5m-1.6m 32 67 12 0.3 2.9
1.6m-1.7m 32 46 2 0.2 4.2
1.7m-1.8m 19 53 9 0.5 2.2
1.8m-1.9m 26 39 3 0.3 4
1.9m-2m 31 34 8 0.2 5.5
2m-2.25m 50 59 14 0.2 5.1
2.25m-2.5m 66 58 11 0.1 6.8
2.5m-2.75m 25 30 7 0.2 5
2.75m-3m 48 30 4 0.1 9.6
3m-3.5m 45 43 9 0.2 6.3
3.5m-4m 45 41 8 0.2 6.6
4m-4.5m 33 18 4 0.1 11
4.5m-5m 41 16 4 0.1 15.4
5.01m-6m 43 13 0.1 19.8
6.01m-7m 24 9 1 0.1 16
7.01m-8m 13 6 1 0.1 13
8.01m-9m 8 4 2 0.1 12
9.01m-10m 3 1 0.1 18
10.01m-11m 1 1 0.2 6
11.01m-12m 2 1 0.1 12
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
17.01m-18m 1 0
18.01m-19m 1 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 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 3 1 0.5 0
151k-175k 1 2 1 0.3 3
176k-200k 6 3 1 0.1 12
201k-225k 3 0
226k-250k 5 2 0.1 15
251k-275k 1 5 0.8 1.2
276k-300k 2 9 3 0.8 1.3
301k-325k 4 13 1 0.5 1.8
326k-350k 9 13 0.2 4.2
351k-375k 14 14 2 0.2 6
376k-400k 9 12 2 0.2 4.5
401k-425k 11 19 2 0.3 3.5
426k-450k 11 23 5 0.3 2.9
451k-475k 14 18 1 0.2 4.7
476k-500k 15 30 7 0.3 3
501k-550k 22 50 13 0.4 2.6
551k-600k 18 39 4 0.4 2.8
601k-650k 20 48 7 0.4 2.5
651k-700k 28 30 9 0.2 5.6
701k-750k 15 25 6 0.3 3.6
751k-800k 24 12 3 0.1 12
801k-850k 24 20 3 0.1 7.2
851k-900k 12 28 3 0.4 2.6
901k-950k 10 12 1 0.2 5
951k-1m 4 8 0.3 3
1m-1.1m 9 6 3 0.1 9
1.1m-1.2m 10 14 1 0.2 4.3
1.2m-1.3m 8 7 2 0.1 6.9
1.3m-1.4m 5 3 1 0.1 10
1.4m-1.5m 6 3 1 0.1 12
1.5m-1.6m 6 1 0 36
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 2 0.1 9
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
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 0.2 0

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 2 1 0.3 3
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 1 7 1 1.2 0.9
226k-250k 7 17 3 0.4 2.5
251k-275k 21 25 4 0.2 5
276k-300k 32 29 1 0.2 6.6
301k-325k 18 33 6 0.3 3.3
326k-350k 26 45 9 0.3 3.5
351k-375k 26 25 6 0.2 6.2
376k-400k 31 37 7 0.2 5
401k-425k 23 33 3 0.2 4.2
426k-450k 20 26 5 0.2 4.6
451k-475k 14 15 2 0.2 5.6
476k-500k 12 16 0.2 4.5
501k-550k 16 19 2 0.2 5.1
551k-600k 3 8 3 0.4 2.3
601k-650k 10 5 2 0.1 12
651k-700k 11 12 4 0.2 5.5
701k-750k 10 3 0.1 20
751k-800k 13 8 0.1 9.8
801k-850k 8 2 0 24
851k-900k 10 3 1 0.1 20
901k-950k 3 4 1 0.2 4.5
951k-1m 5 3 0.1 10
1m-1.1m 1 1 0.2 6
1.1m-1.2m 8 2 0 24
1.2m-1.3m 5 2 1 0.1 15
1.3m-1.4m 3 3 0.2 6
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 5 3 0.1 10
1.8m-1.9m 6 3 0.1 12
1.9m-2m 3 2 0.1 9
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 2 3 1 0.3 4
3m-3.5m 10 5 1 0.1 12
3.5m-4m 2 2 1 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 3 1 0.1 18
101k-125k 4 2 0.1 12
126k-150k 15 4 1 0 22.5
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 3 0.1 8
401k-425k 1 0.2 0
426k-450k 2 1 0.1 12
451k-475k 3 4 1 0.2 4.5
476k-500k 9 4 1 0.1 13.5
501k-550k 8 9 3 0.2 5.3
551k-600k 8 2 0 24
601k-650k 4 1 0 24
651k-700k 5 4 1 0.1 7.5
701k-750k 5 0
751k-800k 4 0
801k-850k 3 3 0.2 6
851k-900k 5 4 2 0.1 7.5
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 6 1 1 0 36
1.2m-1.3m 6 1 0 36
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 5 2 0.1 15
1.5m-1.6m 4 1 0 24
1.6m-1.7m 1 0
1.7m-1.8m 6 1 0 36
1.8m-1.9m 1 1 0.2 6
1.9m-2m 5 1 0 30
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 9 1 0 54
2.5m-2.75m 1 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