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 13% 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 1 0.2 6
426k-450k 1 2 0.3 3
451k-475k 3 8 1 0.4 2.3
476k-500k 9 1 1.5 0
501k-550k 7 28 6 0.7 1.5
551k-600k 22 51 12 0.4 2.6
601k-650k 24 61 9 0.4 2.4
651k-700k 39 97 17 0.4 2.4
701k-750k 42 83 18 0.3 3
751k-800k 41 79 14 0.3 3.1
801k-850k 42 82 14 0.3 3.1
851k-900k 37 100 16 0.5 2.2
901k-950k 31 60 11 0.3 3.1
951k-1m 35 78 19 0.4 2.7
1m-1.1m 39 116 20 0.5 2
1.1m-1.2m 42 110 18 0.4 2.3
1.2m-1.3m 62 83 19 0.2 4.5
1.3m-1.4m 48 80 17 0.3 3.6
1.4m-1.5m 33 71 12 0.4 2.8
1.5m-1.6m 34 63 14 0.3 3.2
1.6m-1.7m 30 48 4 0.3 3.8
1.7m-1.8m 23 52 8 0.4 2.7
1.8m-1.9m 26 40 5 0.3 3.9
1.9m-2m 36 34 7 0.2 6.4
2m-2.25m 44 60 10 0.2 4.4
2.25m-2.5m 66 60 14 0.2 6.6
2.5m-2.75m 22 30 5 0.2 4.4
2.75m-3m 54 28 1 0.1 11.6
3m-3.5m 46 45 12 0.2 6.1
3.5m-4m 40 41 9 0.2 5.9
4m-4.5m 32 16 3 0.1 12
4.5m-5m 39 18 4 0.1 13
5.01m-6m 41 16 2 0.1 15.4
6.01m-7m 24 9 1 0.1 16
7.01m-8m 14 6 1 0.1 14
8.01m-9m 7 3 2 0.1 14
9.01m-10m 3 2 0.1 9
10.01m-11m 2 1 0.1 12
11.01m-12m 1 1 1 0.2 6
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 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
126k-150k 3 1 0.5 0
151k-175k 2 2 1 0.2 6
176k-200k 8 2 0 24
201k-225k 2 0
226k-250k 6 2 1 0.1 18
251k-275k 5 1 0.8 0
276k-300k 2 9 3 0.8 1.3
301k-325k 4 13 1 0.5 1.8
326k-350k 10 14 2 0.2 4.3
351k-375k 12 14 1 0.2 5.1
376k-400k 7 14 3 0.3 3
401k-425k 10 23 2 0.4 2.6
426k-450k 14 25 4 0.3 3.4
451k-475k 16 18 2 0.2 5.3
476k-500k 16 29 5 0.3 3.3
501k-550k 23 49 12 0.4 2.8
551k-600k 19 41 5 0.4 2.8
601k-650k 22 45 6 0.3 2.9
651k-700k 30 29 8 0.2 6.2
701k-750k 18 27 5 0.3 4
751k-800k 24 16 4 0.1 9
801k-850k 22 23 7 0.2 5.7
851k-900k 11 28 4 0.4 2.4
901k-950k 13 14 1 0.2 5.6
951k-1m 4 9 0.4 2.7
1m-1.1m 10 5 2 0.1 12
1.1m-1.2m 8 16 3 0.3 3
1.2m-1.3m 8 7 2 0.1 6.9
1.3m-1.4m 5 2 2 0.1 15
1.4m-1.5m 8 3 1 0.1 16
1.5m-1.6m 5 1 0 30
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 4 0
1.8m-1.9m 3 2 0.1 9
1.9m-2m 2 1 0.3 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 5 1 1 0 30
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 1 0.2 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 1 2 1 0.3 3
101k-125k 3 1 0.5 0
126k-150k 3 2 0.1 9
151k-175k 2 0
176k-200k 2 1 0.3 0
201k-225k 2 6 1 0.5 2
226k-250k 9 16 3 0.3 3.4
251k-275k 20 28 2 0.2 4.3
276k-300k 33 30 3 0.2 6.6
301k-325k 18 35 7 0.3 3.1
326k-350k 25 46 13 0.3 3.3
351k-375k 27 24 5 0.1 6.8
376k-400k 34 42 10 0.2 4.9
401k-425k 24 35 3 0.2 4.1
426k-450k 22 27 6 0.2 4.9
451k-475k 13 15 3 0.2 5.2
476k-500k 11 16 0.2 4.1
501k-550k 19 18 3 0.2 6.3
551k-600k 4 8 2 0.3 3
601k-650k 10 4 1 0.1 15
651k-700k 10 11 5 0.2 5.5
701k-750k 15 4 0 22.5
751k-800k 10 8 0.1 7.5
801k-850k 6 2 0.1 18
851k-900k 11 3 1 0 22
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 7 2 0 21
1.2m-1.3m 4 2 1 0.1 12
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 5 1 0 30
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 5 3 2 0.1 10
1.9m-2m 3 3 0.2 6
2m-2.25m 6 6 0.2 6
2.25m-2.5m 5 6 2 0.2 5
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 3 3 1 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 2 3 2 0.3 4
4m-4.5m 3 0
4.5m-5m 1 2 1 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 1 0.1 12
126k-150k 15 4 3 0 22.5
151k-175k 3 5 1 0.3 3.6
176k-200k 3 1 0.1 18
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 2 0
276k-300k 4 0
301k-325k 4 3 0.1 8
326k-350k 3 0
351k-375k 4 2 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 0.2 0
426k-450k 2 1 0.1 12
451k-475k 3 5 2 0.3 3.6
476k-500k 9 4 1 0.1 13.5
501k-550k 8 7 2 0.1 6.9
551k-600k 8 3 1 0.1 16
601k-650k 6 1 0 36
651k-700k 5 5 1 0.2 6
701k-750k 3 0
751k-800k 4 0
801k-850k 5 3 0.1 10
851k-900k 4 4 3 0.2 6
901k-950k 2 2 1 0.2 6
951k-1m 3 1 0.1 18
1m-1.1m 6 2 0.1 18
1.1m-1.2m 7 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 2 0.1 18
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 2 1 0.1 12
1.9m-2m 5 1 0 30
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 7 1 1 0 42
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
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