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 3 0.5 0
426k-450k 1 1 1 0.2 6
451k-475k 3 7 1 0.4 2.6
476k-500k 2 8 0.7 1.5
501k-550k 7 28 9 0.7 1.5
551k-600k 22 49 8 0.4 2.7
601k-650k 37 68 12 0.3 3.3
651k-700k 49 109 18 0.4 2.7
701k-750k 52 83 14 0.3 3.8
751k-800k 39 84 13 0.4 2.8
801k-850k 49 82 18 0.3 3.6
851k-900k 46 104 18 0.4 2.7
901k-950k 36 63 12 0.3 3.4
951k-1m 50 69 11 0.2 4.3
1m-1.1m 57 116 23 0.3 2.9
1.1m-1.2m 39 109 24 0.5 2.1
1.2m-1.3m 67 78 19 0.2 5.2
1.3m-1.4m 48 78 13 0.3 3.7
1.4m-1.5m 51 72 15 0.2 4.3
1.5m-1.6m 35 61 13 0.3 3.4
1.6m-1.7m 35 55 13 0.3 3.8
1.7m-1.8m 35 55 12 0.3 3.8
1.8m-1.9m 35 38 6 0.2 5.5
1.9m-2m 38 35 10 0.2 6.5
2m-2.25m 46 66 11 0.2 4.2
2.25m-2.5m 70 61 10 0.1 6.9
2.5m-2.75m 29 29 6 0.2 6
2.75m-3m 59 37 5 0.1 9.6
3m-3.5m 43 45 9 0.2 5.7
3.5m-4m 43 38 9 0.1 6.8
4m-4.5m 34 21 5 0.1 9.7
4.5m-5m 40 16 8 0.1 15
5.01m-6m 46 14 1 0.1 19.7
6.01m-7m 24 10 2 0.1 14.4
7.01m-8m 13 5 1 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 4 3 0.1 8
10.01m-11m 2 1 0.1 12
11.01m-12m 1 0
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 0
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 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
126k-150k 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 7 2 2 0 21
201k-225k 3 1 0.1 18
226k-250k 5 1 1 0 30
251k-275k 6 3 1 0
276k-300k 4 9 2 0.4 2.7
301k-325k 4 15 3 0.6 1.6
326k-350k 11 13 2 0.2 5.1
351k-375k 9 16 5 0.3 3.4
376k-400k 7 14 4 0.3 3
401k-425k 8 23 2 0.5 2.1
426k-450k 13 24 7 0.3 3.3
451k-475k 12 18 5 0.3 4
476k-500k 20 33 3 0.3 3.6
501k-550k 23 44 12 0.3 3.1
551k-600k 16 44 12 0.5 2.2
601k-650k 26 47 3 0.3 3.3
651k-700k 35 32 9 0.2 6.6
701k-750k 19 34 6 0.3 3.4
751k-800k 25 18 1 0.1 8.3
801k-850k 22 21 3 0.2 6.3
851k-900k 17 32 8 0.3 3.2
901k-950k 11 14 1 0.2 4.7
951k-1m 2 12 3 1 1
1m-1.1m 9 3 2 0.1 18
1.1m-1.2m 11 14 4 0.2 4.7
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 8 2 0 24
1.4m-1.5m 9 2 0 27
1.5m-1.6m 6 1 0 36
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 3 1 0.1 10
1.9m-2m 1 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 6 0
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12

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 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 2 2 2 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 16 1 0.3 3
251k-275k 21 28 4 0.2 4.5
276k-300k 35 34 4 0.2 6.2
301k-325k 20 33 5 0.3 3.6
326k-350k 32 40 7 0.2 4.8
351k-375k 20 23 4 0.2 5.2
376k-400k 40 40 7 0.2 6
401k-425k 20 39 7 0.3 3.1
426k-450k 24 29 3 0.2 5
451k-475k 14 17 6 0.2 4.9
476k-500k 7 18 7 0.4 2.3
501k-550k 12 17 3 0.2 4.2
551k-600k 2 10 4 0.8 1.2
601k-650k 11 6 0.1 11
651k-700k 10 12 3 0.2 5
701k-750k 14 9 0.1 9.3
751k-800k 10 9 2 0.2 6.7
801k-850k 11 4 2 0.1 16.5
851k-900k 6 1 0 36
901k-950k 7 4 1 0.1 10.5
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 7 5 1 0.1 8.4
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 6 2 0.1 18
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 4 2 0.1 7.5
1.8m-1.9m 6 1 1 0 36
1.9m-2m 1 5 1 0.8 1.2
2m-2.25m 5 6 3 0.2 5
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 4 2 0.1 12
2.75m-3m 2 2 0.2 6
3m-3.5m 9 4 0.1 13.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 4 0
4.5m-5m 1 1 0.2 6
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 2 0.2 6
76k-100k 3 2 0.1 9
101k-125k 5 1 0 30
126k-150k 14 3 0 28
151k-175k 5 4 1 0.1 7.5
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 2 0
276k-300k 4 1 0 24
301k-325k 3 2 0.1 9
326k-350k 2 1 0.1 12
351k-375k 4 2 1 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 2 0.3 3
426k-450k 2 2 1 0.2 6
451k-475k 4 4 1 0.2 6
476k-500k 7 4 1 0.1 10.5
501k-550k 6 8 4 0.2 4.5
551k-600k 9 4 1 0.1 13.5
601k-650k 6 1 1 0 36
651k-700k 6 3 0.1 12
701k-750k 5 1 1 0 30
751k-800k 3 0
801k-850k 5 3 0.1 10
851k-900k 5 1 1 0 30
901k-950k 2 3 2 0.3 4
951k-1m 3 2 1 0.1 9
1m-1.1m 6 2 1 0.1 18
1.1m-1.2m 7 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 7 3 0.1 14
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 2 1 0.1 12
2m-2.25m 3 0
2.25m-2.5m 7 0
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 3 0
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0