Absorption Report

Scottsdale

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 Since 12/31 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 4 0.7 0
426k-450k 1 0
451k-475k 7 1 1.2 0
476k-500k 2 8 2 0.7 1.5
501k-550k 8 27 8 0.6 1.8
551k-600k 18 52 10 0.5 2.1
601k-650k 37 66 10 0.3 3.4
651k-700k 50 108 15 0.4 2.8
701k-750k 53 80 10 0.3 4
751k-800k 40 82 11 0.3 2.9
801k-850k 50 80 16 0.3 3.8
851k-900k 47 105 17 0.4 2.7
901k-950k 35 62 11 0.3 3.4
951k-1m 47 72 13 0.3 3.9
1m-1.1m 58 115 21 0.3 3
1.1m-1.2m 42 109 25 0.4 2.3
1.2m-1.3m 56 78 18 0.2 4.3
1.3m-1.4m 53 75 8 0.2 4.2
1.4m-1.5m 54 71 15 0.2 4.6
1.5m-1.6m 33 61 7 0.3 3.2
1.6m-1.7m 34 54 14 0.3 3.8
1.7m-1.8m 38 55 12 0.2 4.1
1.8m-1.9m 35 38 5 0.2 5.5
1.9m-2m 40 35 8 0.1 6.9
2m-2.25m 41 64 10 0.3 3.8
2.25m-2.5m 71 61 8 0.1 7
2.5m-2.75m 30 29 5 0.2 6.2
2.75m-3m 56 38 6 0.1 8.8
3m-3.5m 45 44 8 0.2 6.1
3.5m-4m 42 36 8 0.1 7
4m-4.5m 35 22 5 0.1 9.5
4.5m-5m 39 14 7 0.1 16.7
5.01m-6m 48 15 2 0.1 19.2
6.01m-7m 23 10 2 0.1 13.8
7.01m-8m 12 5 1 0.1 14.4
8.01m-9m 8 3 0.1 16
9.01m-10m 4 4 0.2 6
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
23.01m-24m 1 0
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 4 1 1 0 24
251k-275k 5 3 0.8 0
276k-300k 5 8 1 0.3 3.8
301k-325k 4 14 3 0.6 1.7
326k-350k 10 15 2 0.3 4
351k-375k 8 15 4 0.3 3.2
376k-400k 7 14 3 0.3 3
401k-425k 6 23 3 0.6 1.6
426k-450k 17 23 6 0.2 4.4
451k-475k 14 17 4 0.2 4.9
476k-500k 20 34 3 0.3 3.5
501k-550k 21 42 12 0.3 3
551k-600k 17 44 9 0.4 2.3
601k-650k 31 47 5 0.3 4
651k-700k 35 31 8 0.1 6.8
701k-750k 18 33 4 0.3 3.3
751k-800k 26 18 2 0.1 8.7
801k-850k 22 20 2 0.2 6.6
851k-900k 16 30 8 0.3 3.2
901k-950k 8 15 2 0.3 3.2
951k-1m 5 11 2 0.4 2.7
1m-1.1m 7 3 2 0.1 14
1.1m-1.2m 12 15 6 0.2 4.8
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 7 2 0 21
1.4m-1.5m 9 2 0 27
1.5m-1.6m 5 1 0 30
1.6m-1.7m 5 2 0.1 15
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 1 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 1 0.1 14
2.5m-2.75m 5 1 0 30
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 Since 12/31 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 1 1 0.1 12
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 17 3 0.4 2.8
251k-275k 19 28 4 0.2 4.1
276k-300k 39 32 2 0.1 7.3
301k-325k 20 36 7 0.3 3.3
326k-350k 32 41 8 0.2 4.7
351k-375k 20 23 3 0.2 5.2
376k-400k 39 40 7 0.2 5.9
401k-425k 21 38 9 0.3 3.3
426k-450k 22 28 3 0.2 4.7
451k-475k 15 17 5 0.2 5.3
476k-500k 7 17 6 0.4 2.5
501k-550k 12 16 2 0.2 4.5
551k-600k 2 11 4 0.9 1.1
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 7 0.1 8.6
801k-850k 12 4 2 0.1 18
851k-900k 6 1 1 0 36
901k-950k 7 5 1 0.1 8.4
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 8 5 1 0.1 9.6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 6 4 2 0.1 9
1.8m-1.9m 5 1 1 0 30
1.9m-2m 2 5 1 0.4 2.4
2m-2.25m 4 5 3 0.2 4.8
2.25m-2.5m 3 6 2 0.3 3
2.5m-2.75m 3 2 1 0.1 9
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 3 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 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 2 0.3 3
76k-100k 4 2 0.1 12
101k-125k 5 1 0 30
126k-150k 12 3 0 24
151k-175k 7 4 1 0.1 10.5
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 8 2 0 24
251k-275k 2 0
276k-300k 3 2 1 0.1 9
301k-325k 2 2 0.2 6
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 3 1 0.5 2
426k-450k 2 2 1 0.2 6
451k-475k 4 3 1 0.1 8
476k-500k 7 4 1 0.1 10.5
501k-550k 7 7 3 0.2 6
551k-600k 8 4 1 0.1 12
601k-650k 6 1 1 0 36
651k-700k 5 3 0.1 10
701k-750k 6 1 1 0 36
751k-800k 3 0
801k-850k 5 4 1 0.1 7.5
851k-900k 5 0
901k-950k 3 2 1 0.1 9
951k-1m 3 1 0.1 18
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 1 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 6 0
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