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 14% 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 7 1 0.4 2.6
476k-500k 9 1 1.5 0
501k-550k 5 27 3 0.9 1.1
551k-600k 20 50 9 0.4 2.4
601k-650k 26 58 12 0.4 2.7
651k-700k 38 93 15 0.4 2.5
701k-750k 43 80 15 0.3 3.2
751k-800k 40 75 9 0.3 3.2
801k-850k 42 78 13 0.3 3.2
851k-900k 32 96 11 0.5 2
901k-950k 29 61 9 0.4 2.9
951k-1m 34 78 17 0.4 2.6
1m-1.1m 39 112 18 0.5 2.1
1.1m-1.2m 39 107 16 0.5 2.2
1.2m-1.3m 63 84 19 0.2 4.5
1.3m-1.4m 48 79 16 0.3 3.6
1.4m-1.5m 33 69 7 0.3 2.9
1.5m-1.6m 33 66 12 0.3 3
1.6m-1.7m 29 46 2 0.3 3.8
1.7m-1.8m 24 50 6 0.3 2.9
1.8m-1.9m 25 40 4 0.3 3.8
1.9m-2m 32 33 6 0.2 5.8
2m-2.25m 46 61 14 0.2 4.5
2.25m-2.5m 66 57 12 0.1 6.9
2.5m-2.75m 20 30 4 0.3 4
2.75m-3m 55 29 2 0.1 11.4
3m-3.5m 46 48 13 0.2 5.8
3.5m-4m 42 41 10 0.2 6.1
4m-4.5m 32 17 3 0.1 11.3
4.5m-5m 39 17 3 0.1 13.8
5.01m-6m 44 15 1 0.1 17.6
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
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
76k-100k 1 0
126k-150k 3 1 0.5 0
151k-175k 1 2 1 0.3 3
176k-200k 6 3 1 0.1 12
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 13 26 5 0.3 3
451k-475k 15 18 2 0.2 5
476k-500k 16 29 6 0.3 3.3
501k-550k 21 51 14 0.4 2.5
551k-600k 17 41 4 0.4 2.5
601k-650k 21 47 6 0.4 2.7
651k-700k 28 28 8 0.2 6
701k-750k 16 25 4 0.3 3.8
751k-800k 25 14 4 0.1 10.7
801k-850k 22 22 5 0.2 6
851k-900k 11 28 4 0.4 2.4
901k-950k 12 14 1 0.2 5.1
951k-1m 4 9 0.4 2.7
1m-1.1m 10 6 3 0.1 10
1.1m-1.2m 9 16 2 0.3 3.4
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 4 2 0.1 12
1.5m-1.6m 6 1 0 36
1.6m-1.7m 2 3 2 0.3 4
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 5 1 1 0 30
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 1 0.2 0

Condos 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
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 2 7 2 0.6 1.7
226k-250k 9 16 2 0.3 3.4
251k-275k 19 25 2 0.2 4.6
276k-300k 32 30 1 0.2 6.4
301k-325k 17 34 5 0.3 3
326k-350k 26 45 13 0.3 3.5
351k-375k 26 23 4 0.1 6.8
376k-400k 34 39 8 0.2 5.2
401k-425k 22 33 3 0.3 4
426k-450k 23 25 3 0.2 5.5
451k-475k 15 15 2 0.2 6
476k-500k 10 16 0.3 3.8
501k-550k 19 18 2 0.2 6.3
551k-600k 3 8 3 0.4 2.3
601k-650k 10 4 1 0.1 15
651k-700k 9 12 5 0.2 4.5
701k-750k 15 4 0 22.5
751k-800k 12 8 0.1 9
801k-850k 7 2 0 21
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 2 0.1 9
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 1 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 2 0.1 12
326k-350k 3 0
351k-375k 4 2 0.1 12
376k-400k 4 4 0.2 6
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 8 2 0.2 5.3
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 2 0.2 6
901k-950k 2 2 0.2 6
951k-1m 3 1 0.1 18
1m-1.1m 6 1 0 36
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 6 1 0 36
1.8m-1.9m 1 1 0.2 6
1.9m-2m 5 1 0 30
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 9 1 1 0 54
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