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
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 20 53 10 0.4 2.3
601k-650k 22 59 15 0.4 2.2
651k-700k 39 90 14 0.4 2.6
701k-750k 46 78 12 0.3 3.5
751k-800k 41 72 9 0.3 3.4
801k-850k 41 77 13 0.3 3.2
851k-900k 31 92 11 0.5 2
901k-950k 30 59 7 0.3 3.1
951k-1m 38 76 15 0.3 3
1m-1.1m 37 109 15 0.5 2
1.1m-1.2m 46 107 16 0.4 2.6
1.2m-1.3m 63 80 13 0.2 4.7
1.3m-1.4m 49 81 14 0.3 3.6
1.4m-1.5m 30 70 11 0.4 2.6
1.5m-1.6m 30 65 10 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 28 42 5 0.3 4
1.9m-2m 32 33 7 0.2 5.8
2m-2.25m 50 59 13 0.2 5.1
2.25m-2.5m 67 60 12 0.1 6.7
2.5m-2.75m 27 29 5 0.2 5.6
2.75m-3m 52 30 4 0.1 10.4
3m-3.5m 47 41 8 0.1 6.9
3.5m-4m 43 41 9 0.2 6.3
4m-4.5m 33 18 4 0.1 11
4.5m-5m 39 16 4 0.1 14.6
5.01m-6m 45 13 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 1 1 0.2 6
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
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 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 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 14 1 0.2 6.4
376k-400k 9 12 2 0.2 4.5
401k-425k 13 18 2 0.2 4.3
426k-450k 11 23 5 0.3 2.9
451k-475k 15 18 1 0.2 5
476k-500k 15 28 6 0.3 3.2
501k-550k 25 50 9 0.3 3
551k-600k 20 40 5 0.3 3
601k-650k 18 48 7 0.4 2.3
651k-700k 29 32 10 0.2 5.4
701k-750k 13 25 6 0.3 3.1
751k-800k 24 12 3 0.1 12
801k-850k 24 22 4 0.2 6.5
851k-900k 12 26 2 0.4 2.8
901k-950k 10 12 1 0.2 5
951k-1m 3 8 1 0.4 2.3
1m-1.1m 10 6 3 0.1 10
1.1m-1.2m 11 14 0.2 4.7
1.2m-1.3m 8 8 3 0.2 6
1.3m-1.4m 7 4 2 0.1 10.5
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 1 0.2 6

Condos 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 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 33 30 3 0.2 6.6
301k-325k 19 32 5 0.3 3.6
326k-350k 27 45 7 0.3 3.6
351k-375k 26 24 5 0.2 6.5
376k-400k 33 37 6 0.2 5.4
401k-425k 23 33 3 0.2 4.2
426k-450k 21 26 5 0.2 4.8
451k-475k 16 15 2 0.2 6.4
476k-500k 11 16 0.2 4.1
501k-550k 18 18 2 0.2 6
551k-600k 4 8 3 0.3 3
601k-650k 9 6 3 0.1 9
651k-700k 11 12 3 0.2 5.5
701k-750k 10 3 0.1 20
751k-800k 14 8 0.1 10.5
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 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 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 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 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 4 1 0 24
101k-125k 5 2 0.1 15
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 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 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 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 0
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