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 2 0.3 0
426k-450k 1 1 1 0.2 6
451k-475k 3 7 0.4 2.6
476k-500k 2 8 0.7 1.5
501k-550k 8 28 8 0.6 1.7
551k-600k 21 46 8 0.4 2.7
601k-650k 34 70 12 0.3 2.9
651k-700k 47 104 17 0.4 2.7
701k-750k 52 79 13 0.3 3.9
751k-800k 42 86 15 0.3 2.9
801k-850k 45 79 14 0.3 3.4
851k-900k 44 103 17 0.4 2.6
901k-950k 35 61 12 0.3 3.4
951k-1m 48 71 14 0.2 4.1
1m-1.1m 62 117 19 0.3 3.2
1.1m-1.2m 45 109 21 0.4 2.5
1.2m-1.3m 64 77 17 0.2 5
1.3m-1.4m 45 80 14 0.3 3.4
1.4m-1.5m 51 73 17 0.2 4.2
1.5m-1.6m 33 65 14 0.3 3
1.6m-1.7m 36 54 13 0.3 4
1.7m-1.8m 33 53 9 0.3 3.7
1.8m-1.9m 33 38 5 0.2 5.2
1.9m-2m 37 35 12 0.2 6.3
2m-2.25m 45 65 10 0.2 4.2
2.25m-2.5m 69 58 10 0.1 7.1
2.5m-2.75m 27 30 7 0.2 5.4
2.75m-3m 57 36 4 0.1 9.5
3m-3.5m 42 43 8 0.2 5.9
3.5m-4m 43 37 7 0.1 7
4m-4.5m 35 21 4 0.1 10
4.5m-5m 40 16 7 0.1 15
5.01m-6m 46 14 0.1 19.7
6.01m-7m 25 9 1 0.1 16.7
7.01m-8m 12 5 1 0.1 14.4
8.01m-9m 9 3 0.1 18
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 3 0
21.01m-22m 1 0
22.01m-23m 1 0
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 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 10 3 0.4 2.4
301k-325k 4 13 1 0.5 1.8
326k-350k 12 13 2 0.2 5.5
351k-375k 7 16 5 0.4 2.6
376k-400k 7 13 3 0.3 3.2
401k-425k 9 23 3 0.4 2.3
426k-450k 11 22 6 0.3 3
451k-475k 12 18 5 0.3 4
476k-500k 18 33 4 0.3 3.3
501k-550k 24 43 10 0.3 3.3
551k-600k 16 43 11 0.4 2.2
601k-650k 25 46 3 0.3 3.3
651k-700k 38 29 9 0.1 7.9
701k-750k 18 32 5 0.3 3.4
751k-800k 23 17 0.1 8.1
801k-850k 21 22 4 0.2 5.7
851k-900k 15 31 6 0.3 2.9
901k-950k 11 14 1 0.2 4.7
951k-1m 3 12 1 0.7 1.5
1m-1.1m 9 3 2 0.1 18
1.1m-1.2m 11 14 4 0.2 4.7
1.2m-1.3m 9 6 1 0.1 9
1.3m-1.4m 7 3 1 0.1 14
1.4m-1.5m 8 2 0 24
1.5m-1.6m 5 1 0 30
1.6m-1.7m 3 2 0.1 9
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 5 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 1 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 17 2 0.4 2.8
251k-275k 22 27 4 0.2 4.9
276k-300k 34 34 4 0.2 6
301k-325k 19 33 5 0.3 3.5
326k-350k 31 41 8 0.2 4.5
351k-375k 18 18 4 0.2 6
376k-400k 38 40 6 0.2 5.7
401k-425k 22 39 7 0.3 3.4
426k-450k 23 30 2 0.2 4.6
451k-475k 14 17 5 0.2 4.9
476k-500k 7 18 6 0.4 2.3
501k-550k 12 17 3 0.2 4.2
551k-600k 1 10 4 1.7 0.6
601k-650k 11 5 0.1 13.2
651k-700k 9 12 4 0.2 4.5
701k-750k 16 9 0.1 10.7
751k-800k 10 9 2 0.2 6.7
801k-850k 11 3 2 0 22
851k-900k 7 2 1 0 21
901k-950k 7 3 0.1 14
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 7 4 1 0.1 10.5
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 6 4 2 0.1 9
1.8m-1.9m 6 1 1 0 36
1.9m-2m 1 5 1 0.8 1.2
2m-2.25m 5 6 2 0.2 5
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 4 2 0.1 12
2.75m-3m 2 2 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 2 2 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 5 2 0.1 16.8
151k-175k 5 4 1 0.1 7.5
176k-200k 4 2 0.1 12
201k-225k 3 0
226k-250k 7 2 0 21
251k-275k 2 0
276k-300k 4 1 0 24
301k-325k 4 2 0.1 12
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 2 0.3 0
426k-450k 2 2 1 0.2 6
451k-475k 4 4 0.2 6
476k-500k 9 3 1 0.1 18
501k-550k 7 8 3 0.2 5.3
551k-600k 9 2 0 27
601k-650k 7 1 1 0 42
651k-700k 5 3 0.1 10
701k-750k 4 1 1 0 24
751k-800k 2 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 0.1 18
1.1m-1.2m 7 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 7 2 0 21
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 2 0
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 1 0.1 18
1.9m-2m 4 1 0 24
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