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 4 9 1 0.4 2.7
501k-550k 4 26 3 1.1 0.9
551k-600k 23 52 9 0.4 2.7
601k-650k 22 59 13 0.4 2.2
651k-700k 37 89 13 0.4 2.5
701k-750k 46 79 13 0.3 3.5
751k-800k 40 73 8 0.3 3.3
801k-850k 40 76 13 0.3 3.2
851k-900k 32 91 12 0.5 2.1
901k-950k 30 60 7 0.3 3
951k-1m 37 75 12 0.3 3
1m-1.1m 38 109 13 0.5 2.1
1.1m-1.2m 46 109 15 0.4 2.5
1.2m-1.3m 61 82 13 0.2 4.5
1.3m-1.4m 49 79 12 0.3 3.7
1.4m-1.5m 31 71 11 0.4 2.6
1.5m-1.6m 31 67 11 0.4 2.8
1.6m-1.7m 34 46 2 0.2 4.4
1.7m-1.8m 22 50 8 0.4 2.6
1.8m-1.9m 29 42 5 0.2 4.1
1.9m-2m 33 33 7 0.2 6
2m-2.25m 49 60 12 0.2 4.9
2.25m-2.5m 65 62 14 0.2 6.3
2.5m-2.75m 27 29 5 0.2 5.6
2.75m-3m 50 30 4 0.1 10
3m-3.5m 48 43 10 0.1 6.7
3.5m-4m 41 41 9 0.2 6
4m-4.5m 35 18 4 0.1 11.7
4.5m-5m 38 16 4 0.1 14.3
5.01m-6m 45 13 1 0 20.8
6.01m-7m 25 9 1 0.1 16.7
7.01m-8m 12 6 1 0.1 12
8.01m-9m 8 4 2 0.1 12
9.01m-10m 3 1 0.1 18
10.01m-11m 2 1 0.1 12
11.01m-12m 2 1 0.1 12
12.01m-13m 3 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
19.01m-20m 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 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 1 0
126k-150k 3 1 0.5 0
151k-175k 2 2 1 0.2 6
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 2 0.8 1.3
301k-325k 4 14 0.6 1.7
326k-350k 7 13 1 0.3 3.2
351k-375k 15 15 2 0.2 6
376k-400k 8 12 2 0.3 4
401k-425k 13 18 1 0.2 4.3
426k-450k 10 23 5 0.4 2.6
451k-475k 16 18 1 0.2 5.3
476k-500k 15 27 6 0.3 3.3
501k-550k 23 51 9 0.4 2.7
551k-600k 20 40 5 0.3 3
601k-650k 20 47 6 0.4 2.6
651k-700k 28 32 10 0.2 5.3
701k-750k 14 25 6 0.3 3.4
751k-800k 25 12 3 0.1 12.5
801k-850k 22 22 4 0.2 6
851k-900k 13 27 3 0.3 2.9
901k-950k 10 12 1 0.2 5
951k-1m 3 8 1 0.4 2.3
1m-1.1m 10 7 4 0.1 8.6
1.1m-1.2m 10 14 0.2 4.3
1.2m-1.3m 8 8 3 0.2 6
1.3m-1.4m 6 4 2 0.1 9
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 2 1 0.2 6
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 1 0.2 6

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 2 1 0.3 0
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 2 7 1 0.6 1.7
226k-250k 6 17 3 0.5 2.1
251k-275k 22 25 4 0.2 5.3
276k-300k 34 30 4 0.1 6.8
301k-325k 19 32 5 0.3 3.6
326k-350k 28 44 6 0.3 3.8
351k-375k 25 24 5 0.2 6.3
376k-400k 31 38 7 0.2 4.9
401k-425k 23 33 3 0.2 4.2
426k-450k 21 25 5 0.2 5
451k-475k 17 15 2 0.1 6.8
476k-500k 11 16 0.2 4.1
501k-550k 17 18 2 0.2 5.7
551k-600k 6 8 3 0.2 4.5
601k-650k 8 6 3 0.1 8
651k-700k 11 12 3 0.2 5.5
701k-750k 11 3 0 22
751k-800k 13 8 0.1 9.8
801k-850k 10 2 0 30
851k-900k 10 3 1 0.1 20
901k-950k 3 4 1 0.2 4.5
951k-1m 5 4 1 0.1 7.5
1m-1.1m 1 1 0.2 6
1.1m-1.2m 8 3 1 0.1 16
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 6 1 0 36
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 2 3 1 0.3 4
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 7% 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 4 1 0 24
101k-125k 5 2 0.1 15
126k-150k 14 4 1 0 21
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 2 1 0.3 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 2 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 5 0
801k-850k 4 3 0.1 8
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 7 1 0 42
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 5 1 0 30
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 1 1 0.2 6
2.75m-3m 2 2 1 0.2 6
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