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 2 1 0.3 3
451k-475k 3 7 0.4 2.6
476k-500k 1 8 1.3 0.8
501k-550k 6 30 10 0.8 1.2
551k-600k 22 45 7 0.3 2.9
601k-650k 36 70 11 0.3 3.1
651k-700k 43 105 16 0.4 2.5
701k-750k 48 82 17 0.3 3.5
751k-800k 44 85 13 0.3 3.1
801k-850k 48 80 11 0.3 3.6
851k-900k 42 104 18 0.4 2.4
901k-950k 35 62 13 0.3 3.4
951k-1m 48 72 15 0.3 4
1m-1.1m 58 119 21 0.3 2.9
1.1m-1.2m 44 110 18 0.4 2.4
1.2m-1.3m 66 82 22 0.2 4.8
1.3m-1.4m 45 80 14 0.3 3.4
1.4m-1.5m 50 75 18 0.3 4
1.5m-1.6m 33 64 13 0.3 3.1
1.6m-1.7m 32 55 14 0.3 3.5
1.7m-1.8m 35 53 10 0.3 4
1.8m-1.9m 31 39 6 0.2 4.8
1.9m-2m 37 34 11 0.2 6.5
2m-2.25m 45 65 10 0.2 4.2
2.25m-2.5m 68 59 12 0.1 6.9
2.5m-2.75m 26 29 6 0.2 5.4
2.75m-3m 58 36 4 0.1 9.7
3m-3.5m 44 43 8 0.2 6.1
3.5m-4m 43 41 11 0.2 6.3
4m-4.5m 35 19 3 0.1 11.1
4.5m-5m 40 18 9 0.1 13.3
5.01m-6m 46 14 0.1 19.7
6.01m-7m 25 10 2 0.1 15
7.01m-8m 12 5 1 0.1 14.4
8.01m-9m 9 3 0.1 18
9.01m-10m 4 2 0.1 12
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 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
126k-150k 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 7 2 1 0 21
201k-225k 3 1 0.1 18
226k-250k 5 2 2 0.1 15
251k-275k 5 2 0.8 0
276k-300k 4 10 3 0.4 2.4
301k-325k 4 12 0.5 2
326k-350k 11 14 3 0.2 4.7
351k-375k 8 16 5 0.3 3
376k-400k 5 13 3 0.4 2.3
401k-425k 8 23 2 0.5 2.1
426k-450k 11 23 7 0.3 2.9
451k-475k 12 18 4 0.3 4
476k-500k 20 33 4 0.3 3.6
501k-550k 24 43 10 0.3 3.3
551k-600k 17 42 11 0.4 2.4
601k-650k 24 48 5 0.3 3
651k-700k 38 28 8 0.1 8.1
701k-750k 16 32 4 0.3 3
751k-800k 22 18 1 0.1 7.3
801k-850k 21 23 5 0.2 5.5
851k-900k 17 30 5 0.3 3.4
901k-950k 11 14 1 0.2 4.7
951k-1m 3 12 1 0.7 1.5
1m-1.1m 8 3 2 0.1 16
1.1m-1.2m 10 15 5 0.3 4
1.2m-1.3m 10 6 1 0.1 10
1.3m-1.4m 6 3 1 0.1 12
1.4m-1.5m 8 2 0 24
1.5m-1.6m 5 1 0 30
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 2 1 0.1 12
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 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 1 0.2 0
101k-125k 1 2 1 0.3 3
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 32 33 4 0.2 5.8
301k-325k 19 33 4 0.3 3.5
326k-350k 29 43 9 0.2 4
351k-375k 19 18 4 0.2 6.3
376k-400k 39 42 8 0.2 5.6
401k-425k 22 41 8 0.3 3.2
426k-450k 24 29 2 0.2 5
451k-475k 13 17 4 0.2 4.6
476k-500k 8 18 5 0.4 2.7
501k-550k 12 17 3 0.2 4.2
551k-600k 1 10 4 1.7 0.6
601k-650k 12 5 0.1 14.4
651k-700k 10 12 4 0.2 5
701k-750k 16 9 0.1 10.7
751k-800k 9 9 2 0.2 6
801k-850k 11 3 2 0 22
851k-900k 8 2 1 0 24
901k-950k 5 4 1 0.1 7.5
951k-1m 5 3 0.1 10
1m-1.1m 2 0
1.1m-1.2m 7 4 1 0.1 10.5
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 3 1 0.1 12
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 5% 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 2 1 0.1 15
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 4 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 10 3 1 0.1 20
501k-550k 6 8 3 0.2 4.5
551k-600k 10 2 0 30
601k-650k 7 1 1 0 42
651k-700k 5 4 1 0.1 7.5
701k-750k 4 0
751k-800k 2 0
801k-850k 5 3 0.1 10
851k-900k 6 2 2 0.1 18
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