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 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
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 0.4 2.7
501k-550k 8 26 3 0.5 1.8
551k-600k 22 55 10 0.4 2.4
601k-650k 16 60 10 0.6 1.6
651k-700k 33 90 14 0.5 2.2
701k-750k 56 80 7 0.2 4.2
751k-800k 37 73 8 0.3 3
801k-850k 50 77 12 0.3 3.9
851k-900k 39 88 12 0.4 2.7
901k-950k 41 60 6 0.2 4.1
951k-1m 34 79 13 0.4 2.6
1m-1.1m 41 109 13 0.4 2.3
1.1m-1.2m 46 110 16 0.4 2.5
1.2m-1.3m 60 83 15 0.2 4.3
1.3m-1.4m 57 78 9 0.2 4.4
1.4m-1.5m 28 71 12 0.4 2.4
1.5m-1.6m 39 71 18 0.3 3.3
1.6m-1.7m 35 48 3 0.2 4.4
1.7m-1.8m 28 46 6 0.3 3.7
1.8m-1.9m 28 40 5 0.2 4.2
1.9m-2m 37 34 8 0.2 6.5
2m-2.25m 58 58 10 0.2 6
2.25m-2.5m 68 62 13 0.2 6.6
2.5m-2.75m 37 29 5 0.1 7.7
2.75m-3m 50 31 6 0.1 9.7
3m-3.5m 48 44 10 0.2 6.5
3.5m-4m 42 38 6 0.2 6.6
4m-4.5m 37 19 4 0.1 11.7
4.5m-5m 37 16 4 0.1 13.9
5.01m-6m 45 15 3 0.1 18
6.01m-7m 24 10 2 0.1 14.4
7.01m-8m 11 7 1 0.1 9.4
8.01m-9m 7 4 2 0.1 10.5
9.01m-10m 4 1 0 24
10.01m-11m 2 1 0.1 12
11.01m-12m 3 1 0.1 18
12.01m-13m 4 0
13.01m-14m 1 0
14.01m-15m 5 0
15.01m-16m 1 0
16.01m-17m 1 0
18.01m-19m 1 0
19.01m-20m 1 0
20.01m-21m 1 0.2 0
21.01m-22m 1 0
22.01m-23m 1 0
24.01m-25m 1 0
29.01m-30m 2 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 2 0.3 0
151k-175k 2 2 0.2 6
176k-200k 5 3 1 0.1 10
201k-225k 3 0
226k-250k 5 3 1 0.1 10
251k-275k 1 5 0.8 1.2
276k-300k 3 9 1 0.5 2
301k-325k 3 16 2 0.9 1.1
326k-350k 7 14 2 0.3 3
351k-375k 14 15 1 0.2 5.6
376k-400k 9 11 1 0.2 4.9
401k-425k 13 17 0.2 4.6
426k-450k 9 22 3 0.4 2.5
451k-475k 19 17 1 0.1 6.7
476k-500k 11 30 8 0.5 2.2
501k-550k 26 52 9 0.3 3
551k-600k 23 40 4 0.3 3.5
601k-650k 23 49 11 0.4 2.8
651k-700k 28 35 13 0.2 4.8
701k-750k 17 24 6 0.2 4.3
751k-800k 27 13 2 0.1 12.5
801k-850k 23 23 5 0.2 6
851k-900k 13 27 4 0.3 2.9
901k-950k 13 12 1 0.2 6.5
951k-1m 8 8 1 0.2 6
1m-1.1m 10 9 5 0.2 6.7
1.1m-1.2m 12 14 1 0.2 5.1
1.2m-1.3m 10 7 2 0.1 8.6
1.3m-1.4m 5 4 2 0.1 7.5
1.4m-1.5m 5 3 1 0.1 10
1.5m-1.6m 7 1 0 42
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 3 1 0.2 6
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
6.01m-7m 1 0

Condos 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 3 2 0.5 0
101k-125k 1 3 1 0.5 2
126k-150k 4 2 0.1 12
151k-175k 2 0
176k-200k 1 1 0.2 0
201k-225k 3 7 2 0.4 2.6
226k-250k 11 17 2 0.3 3.9
251k-275k 16 23 3 0.2 4.2
276k-300k 33 27 4 0.1 7.3
301k-325k 23 32 4 0.2 4.3
326k-350k 28 43 7 0.3 3.9
351k-375k 26 22 4 0.1 7.1
376k-400k 35 39 6 0.2 5.4
401k-425k 23 34 3 0.2 4.1
426k-450k 20 24 4 0.2 5
451k-475k 18 14 1 0.1 7.7
476k-500k 15 15 1 0.2 6
501k-550k 21 18 2 0.1 7
551k-600k 6 9 4 0.3 4
601k-650k 9 5 2 0.1 10.8
651k-700k 11 12 2 0.2 5.5
701k-750k 10 3 0.1 20
751k-800k 14 8 0.1 10.5
801k-850k 9 3 1 0.1 18
851k-900k 10 4 2 0.1 15
901k-950k 3 3 0.2 6
951k-1m 5 4 1 0.1 7.5
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 7 1 0 42
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 6 1 0 36
1.5m-1.6m 5 1 0 30
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 4 3 0.1 8
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 2 3 1 0.3 4
2m-2.25m 8 7 1 0.1 6.9
2.25m-2.5m 4 5 2 0.2 4.8
2.5m-2.75m 2 3 0.3 4
2.75m-3m 3 3 1 0.2 6
3m-3.5m 11 5 1 0.1 13.2
3.5m-4m 2 2 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 6 2 0.1 18
126k-150k 12 5 2 0.1 14.4
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 2 0.1 12
401k-425k 2 1 0.3 0
426k-450k 2 3 2 0.3 4
451k-475k 3 3 0.2 6
476k-500k 5 4 0.1 7.5
501k-550k 9 10 2 0.2 5.4
551k-600k 8 3 1 0.1 16
601k-650k 5 2 1 0.1 15
651k-700k 6 4 0.1 9
701k-750k 4 0
751k-800k 5 0
801k-850k 5 3 0.1 10
851k-900k 6 4 2 0.1 9
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 7 1 1 0 42
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 4 2 0.1 12
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 6 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 4 1 0 24
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 2 0
5.01m-6m 2 0
6.01m-7m 1 0
9.01m-10m 4 0