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 21 53 10 0.4 2.4
601k-650k 21 58 14 0.5 2.2
651k-700k 38 92 14 0.4 2.5
701k-750k 45 79 14 0.3 3.4
751k-800k 41 71 10 0.3 3.5
801k-850k 41 77 13 0.3 3.2
851k-900k 33 91 11 0.5 2.2
901k-950k 30 58 7 0.3 3.1
951k-1m 37 77 18 0.3 2.9
1m-1.1m 36 112 16 0.5 1.9
1.1m-1.2m 43 108 18 0.4 2.4
1.2m-1.3m 62 80 14 0.2 4.7
1.3m-1.4m 51 79 14 0.3 3.9
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 33 46 2 0.2 4.3
1.7m-1.8m 20 53 9 0.4 2.3
1.8m-1.9m 27 40 4 0.2 4.1
1.9m-2m 31 34 8 0.2 5.5
2m-2.25m 49 61 16 0.2 4.8
2.25m-2.5m 68 59 12 0.1 6.9
2.5m-2.75m 27 30 7 0.2 5.4
2.75m-3m 51 30 4 0.1 10.2
3m-3.5m 47 43 9 0.2 6.6
3.5m-4m 44 42 9 0.2 6.3
4m-4.5m 34 18 4 0.1 11.3
4.5m-5m 40 16 4 0.1 15
5.01m-6m 44 13 0 20.3
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 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 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 7 14 1 0.3 3
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 15 18 1 0.2 5
476k-500k 15 30 7 0.3 3
501k-550k 24 50 13 0.3 2.9
551k-600k 18 39 4 0.4 2.8
601k-650k 19 48 7 0.4 2.4
651k-700k 29 30 9 0.2 5.8
701k-750k 14 25 6 0.3 3.4
751k-800k 24 12 3 0.1 12
801k-850k 24 21 4 0.1 6.9
851k-900k 12 27 2 0.4 2.7
901k-950k 10 12 1 0.2 5
951k-1m 3 9 1 0.5 2
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 7 3 1 0.1 14
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 30 2 0.2 6.4
301k-325k 18 33 6 0.3 3.3
326k-350k 26 45 9 0.3 3.5
351k-375k 27 25 6 0.2 6.5
376k-400k 34 37 7 0.2 5.5
401k-425k 23 33 3 0.2 4.2
426k-450k 20 26 5 0.2 4.6
451k-475k 15 15 2 0.2 6
476k-500k 12 16 0.2 4.5
501k-550k 17 19 2 0.2 5.4
551k-600k 3 8 3 0.4 2.3
601k-650k 10 6 3 0.1 10
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 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