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 6 27 5 0.8 1.3
551k-600k 20 52 10 0.4 2.3
601k-650k 25 61 10 0.4 2.5
651k-700k 37 97 18 0.4 2.3
701k-750k 43 81 18 0.3 3.2
751k-800k 41 78 12 0.3 3.2
801k-850k 42 78 13 0.3 3.2
851k-900k 36 97 12 0.4 2.2
901k-950k 30 61 11 0.3 3
951k-1m 33 79 18 0.4 2.5
1m-1.1m 38 113 19 0.5 2
1.1m-1.2m 40 110 19 0.5 2.2
1.2m-1.3m 62 81 17 0.2 4.6
1.3m-1.4m 49 78 17 0.3 3.8
1.4m-1.5m 32 70 9 0.4 2.7
1.5m-1.6m 34 65 13 0.3 3.1
1.6m-1.7m 30 48 4 0.3 3.8
1.7m-1.8m 23 51 7 0.4 2.7
1.8m-1.9m 26 40 4 0.3 3.9
1.9m-2m 32 34 6 0.2 5.6
2m-2.25m 45 63 14 0.2 4.3
2.25m-2.5m 65 58 12 0.1 6.7
2.5m-2.75m 22 30 5 0.2 4.4
2.75m-3m 55 28 1 0.1 11.8
3m-3.5m 46 46 12 0.2 6
3.5m-4m 39 41 9 0.2 5.7
4m-4.5m 32 17 3 0.1 11.3
4.5m-5m 39 19 5 0.1 12.3
5.01m-6m 42 15 1 0.1 16.8
6.01m-7m 23 9 1 0.1 15.3
7.01m-8m 13 6 1 0.1 13
8.01m-9m 8 3 2 0.1 16
9.01m-10m 3 2 0.1 9
10.01m-11m 2 1 0.1 12
11.01m-12m 2 1 1 0.1 12
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
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
76k-100k 1 0
126k-150k 3 1 0.5 0
151k-175k 1 2 1 0.3 3
176k-200k 8 2 0 24
201k-225k 3 0
226k-250k 5 2 0.1 15
251k-275k 5 1 0.8 0
276k-300k 2 9 2 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 8 14 3 0.3 3.4
401k-425k 11 20 2 0.3 3.3
426k-450k 14 26 4 0.3 3.2
451k-475k 15 18 2 0.2 5
476k-500k 16 29 5 0.3 3.3
501k-550k 21 51 14 0.4 2.5
551k-600k 16 42 4 0.4 2.3
601k-650k 21 46 6 0.4 2.7
651k-700k 29 29 8 0.2 6
701k-750k 17 26 4 0.3 3.9
751k-800k 25 16 4 0.1 9.4
801k-850k 22 22 5 0.2 6
851k-900k 12 29 4 0.4 2.5
901k-950k 12 14 1 0.2 5.1
951k-1m 4 9 0.4 2.7
1m-1.1m 9 6 3 0.1 9
1.1m-1.2m 8 16 3 0.3 3
1.2m-1.3m 9 6 1 0.1 9
1.3m-1.4m 5 2 1 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 3 2 0.2 6
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 4 1 1 0 24
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 3 6 1 0.3 3
226k-250k 9 16 2 0.3 3.4
251k-275k 19 27 2 0.2 4.2
276k-300k 33 30 1 0.2 6.6
301k-325k 17 35 6 0.3 2.9
326k-350k 26 45 14 0.3 3.5
351k-375k 27 23 4 0.1 7
376k-400k 34 42 11 0.2 4.9
401k-425k 23 35 3 0.3 3.9
426k-450k 23 25 4 0.2 5.5
451k-475k 13 15 2 0.2 5.2
476k-500k 11 16 0.2 4.1
501k-550k 19 18 2 0.2 6.3
551k-600k 3 9 3 0.5 2
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 11 8 0.1 8.3
801k-850k 6 2 0.1 18
851k-900k 11 3 1 0 22
901k-950k 4 4 1 0.2 6
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 7% 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 7 7 1 0.2 6
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 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 6 1 0 36
1.3m-1.4m 2 2 0.2 6
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 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 8 1 1 0 48
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