Absorption Report

Scottsdale

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 Since 12/31 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 4 0.7 0
426k-450k 1 0
451k-475k 7 1 1.2 0
476k-500k 2 8 2 0.7 1.5
501k-550k 8 28 9 0.6 1.7
551k-600k 19 51 9 0.4 2.2
601k-650k 37 68 11 0.3 3.3
651k-700k 50 107 15 0.4 2.8
701k-750k 53 82 12 0.3 3.9
751k-800k 39 82 10 0.4 2.9
801k-850k 50 80 16 0.3 3.8
851k-900k 48 105 16 0.4 2.7
901k-950k 33 63 12 0.3 3.1
951k-1m 47 71 12 0.3 4
1m-1.1m 60 116 22 0.3 3.1
1.1m-1.2m 40 109 25 0.5 2.2
1.2m-1.3m 56 78 16 0.2 4.3
1.3m-1.4m 52 77 10 0.2 4.1
1.4m-1.5m 55 71 16 0.2 4.6
1.5m-1.6m 32 61 7 0.3 3.1
1.6m-1.7m 33 54 14 0.3 3.7
1.7m-1.8m 38 55 12 0.2 4.1
1.8m-1.9m 35 38 5 0.2 5.5
1.9m-2m 39 34 8 0.1 6.9
2m-2.25m 42 64 10 0.3 3.9
2.25m-2.5m 70 62 9 0.1 6.8
2.5m-2.75m 29 29 5 0.2 6
2.75m-3m 58 38 6 0.1 9.2
3m-3.5m 44 44 8 0.2 6
3.5m-4m 41 36 8 0.1 6.8
4m-4.5m 35 22 5 0.1 9.5
4.5m-5m 40 14 7 0.1 17.1
5.01m-6m 47 15 1 0.1 18.8
6.01m-7m 23 10 2 0.1 13.8
7.01m-8m 13 5 1 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 4 4 0.2 6
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 2 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 Since 12/31 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 4 1 1 0 24
251k-275k 5 3 0.8 0
276k-300k 5 8 1 0.3 3.8
301k-325k 4 14 3 0.6 1.7
326k-350k 10 15 2 0.3 4
351k-375k 8 15 4 0.3 3.2
376k-400k 7 15 4 0.4 2.8
401k-425k 8 23 3 0.5 2.1
426k-450k 16 23 6 0.2 4.2
451k-475k 14 17 4 0.2 4.9
476k-500k 20 33 3 0.3 3.6
501k-550k 22 42 12 0.3 3.1
551k-600k 17 44 10 0.4 2.3
601k-650k 30 48 6 0.3 3.8
651k-700k 34 30 7 0.1 6.8
701k-750k 19 33 4 0.3 3.5
751k-800k 26 18 2 0.1 8.7
801k-850k 22 20 2 0.2 6.6
851k-900k 17 30 8 0.3 3.4
901k-950k 8 15 2 0.3 3.2
951k-1m 5 11 2 0.4 2.7
1m-1.1m 7 3 2 0.1 14
1.1m-1.2m 12 15 6 0.2 4.8
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 9 2 0 27
1.5m-1.6m 5 1 0 30
1.6m-1.7m 5 2 0.1 15
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 1 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 1 0.1 14
2.5m-2.75m 5 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 Since 12/31 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 3 0.4 2.8
251k-275k 19 28 4 0.2 4.1
276k-300k 39 32 2 0.1 7.3
301k-325k 19 36 7 0.3 3.2
326k-350k 31 41 8 0.2 4.5
351k-375k 20 23 3 0.2 5.2
376k-400k 40 40 7 0.2 6
401k-425k 22 38 9 0.3 3.5
426k-450k 23 28 3 0.2 4.9
451k-475k 15 17 5 0.2 5.3
476k-500k 7 17 6 0.4 2.5
501k-550k 12 16 2 0.2 4.5
551k-600k 2 11 4 0.9 1.1
601k-650k 11 6 0.1 11
651k-700k 10 12 3 0.2 5
701k-750k 14 9 0.1 9.3
751k-800k 10 7 0.1 8.6
801k-850k 12 4 2 0.1 18
851k-900k 6 1 1 0 36
901k-950k 7 5 1 0.1 8.4
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 8 5 1 0.1 9.6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 5 4 2 0.1 7.5
1.8m-1.9m 5 1 1 0 30
1.9m-2m 2 5 1 0.4 2.4
2m-2.25m 4 5 3 0.2 4.8
2.25m-2.5m 3 6 2 0.3 3
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 2 2 0.2 6
3m-3.5m 9 4 0.1 13.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 3 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 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 3
76k-100k 4 2 0.1 12
101k-125k 5 1 0 30
126k-150k 12 3 0 24
151k-175k 7 4 1 0.1 10.5
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 8 2 0 24
251k-275k 2 0
276k-300k 3 2 1 0.1 9
301k-325k 2 2 0.2 6
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 1 3 0.5 2
426k-450k 2 2 1 0.2 6
451k-475k 4 3 1 0.1 8
476k-500k 7 4 1 0.1 10.5
501k-550k 7 7 3 0.2 6
551k-600k 8 4 1 0.1 12
601k-650k 6 1 1 0 36
651k-700k 5 3 0.1 10
701k-750k 6 1 1 0 36
751k-800k 3 0
801k-850k 5 4 1 0.1 7.5
851k-900k 5 0
901k-950k 3 2 1 0.1 9
951k-1m 3 1 0.1 18
1m-1.1m 6 2 1 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 1 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 6 0
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 2 1 0.1 12
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