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 2 0.3 0
426k-450k 1 2 1 0.3 3
451k-475k 3 8 1 0.4 2.3
476k-500k 9 1 1.5 0
501k-550k 8 25 4 0.5 1.9
551k-600k 21 50 8 0.4 2.5
601k-650k 25 64 8 0.4 2.3
651k-700k 45 99 20 0.4 2.7
701k-750k 44 86 21 0.3 3.1
751k-800k 44 80 14 0.3 3.3
801k-850k 48 79 13 0.3 3.6
851k-900k 38 101 15 0.4 2.3
901k-950k 31 61 10 0.3 3
951k-1m 35 73 18 0.3 2.9
1m-1.1m 42 114 18 0.5 2.2
1.1m-1.2m 50 106 18 0.4 2.8
1.2m-1.3m 67 82 24 0.2 4.9
1.3m-1.4m 44 79 19 0.3 3.3
1.4m-1.5m 40 80 15 0.3 3
1.5m-1.6m 36 57 10 0.3 3.8
1.6m-1.7m 31 51 11 0.3 3.6
1.7m-1.8m 22 54 8 0.4 2.4
1.8m-1.9m 31 38 4 0.2 4.9
1.9m-2m 34 33 10 0.2 6.2
2m-2.25m 44 57 7 0.2 4.6
2.25m-2.5m 62 57 12 0.2 6.5
2.5m-2.75m 22 28 4 0.2 4.7
2.75m-3m 56 32 2 0.1 10.5
3m-3.5m 49 43 11 0.1 6.8
3.5m-4m 40 39 10 0.2 6.2
4m-4.5m 33 17 4 0.1 11.6
4.5m-5m 40 16 5 0.1 15
5.01m-6m 43 15 1 0.1 17.2
6.01m-7m 25 8 1 0.1 18.8
7.01m-8m 13 5 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 3 2 0.1 9
10.01m-11m 2 1 0.1 12
11.01m-12m 1 1 1 0.2 6
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
126k-150k 3 1 0.5 0
151k-175k 2 2 1 0.2 6
176k-200k 8 2 1 0 24
201k-225k 2 1 0.1 12
226k-250k 6 2 1 0.1 18
251k-275k 6 3 1 0
276k-300k 1 8 2 1.3 0.8
301k-325k 4 13 1 0.5 1.8
326k-350k 11 15 3 0.2 4.4
351k-375k 12 16 5 0.2 4.5
376k-400k 5 13 3 0.4 2.3
401k-425k 11 23 3 0.3 2.9
426k-450k 13 22 6 0.3 3.5
451k-475k 15 20 5 0.2 4.5
476k-500k 18 29 5 0.3 3.7
501k-550k 25 45 9 0.3 3.3
551k-600k 18 42 13 0.4 2.6
601k-650k 22 44 6 0.3 3
651k-700k 34 26 6 0.1 7.8
701k-750k 20 27 2 0.2 4.4
751k-800k 24 16 3 0.1 9
801k-850k 26 21 4 0.1 7.4
851k-900k 13 28 3 0.4 2.8
901k-950k 13 15 1 0.2 5.2
951k-1m 4 10 0.4 2.4
1m-1.1m 10 5 3 0.1 12
1.1m-1.2m 9 17 4 0.3 3.2
1.2m-1.3m 9 5 0.1 10.8
1.3m-1.4m 6 2 1 0.1 18
1.4m-1.5m 7 3 1 0.1 14
1.5m-1.6m 6 1 0 36
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 2 1 0.1 9
1.9m-2m 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 8 3 0.1 16
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 1 0.2 6

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 2 1 0.1 12
101k-125k 1 2 1 0.3 3
126k-150k 3 2 0.1 9
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 7 1 1.2 0.9
226k-250k 11 16 2 0.2 4.1
251k-275k 19 28 3 0.2 4.1
276k-300k 31 32 5 0.2 5.8
301k-325k 23 36 5 0.3 3.8
326k-350k 27 45 12 0.3 3.6
351k-375k 21 20 5 0.2 6.3
376k-400k 37 41 11 0.2 5.4
401k-425k 19 38 3 0.3 3
426k-450k 21 26 3 0.2 4.8
451k-475k 13 16 2 0.2 4.9
476k-500k 8 17 1 0.4 2.8
501k-550k 18 17 5 0.2 6.4
551k-600k 4 6 0.3 4
601k-650k 11 5 0.1 13.2
651k-700k 9 11 6 0.2 4.9
701k-750k 16 4 0 24
751k-800k 10 9 2 0.2 6.7
801k-850k 9 2 0 27
851k-900k 10 2 0 30
901k-950k 3 4 1 0.2 4.5
951k-1m 6 3 0.1 12
1m-1.1m 1 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 6 3 1 0.1 12
1.4m-1.5m 4 1 0 24
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 6 3 3 0.1 12
1.9m-2m 2 3 0.3 4
2m-2.25m 5 6 1 0.2 5
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 2 2 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 3 2 1 0.1 9
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 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 1 1 0.2 6
76k-100k 3 1 0.1 18
101k-125k 4 2 1 0.1 12
126k-150k 14 3 2 0 28
151k-175k 5 4 1 0.1 7.5
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 5 2 1 0.1 15
376k-400k 5 4 0.1 7.5
401k-425k 1 0.2 0
426k-450k 1 2 1 0.3 3
451k-475k 4 4 1 0.2 6
476k-500k 10 3 0.1 20
501k-550k 9 7 2 0.1 7.7
551k-600k 7 3 1 0.1 14
601k-650k 6 1 0 36
651k-700k 4 5 2 0.2 4.8
701k-750k 3 0
751k-800k 3 0
801k-850k 5 3 0.1 10
851k-900k 6 2 1 0.1 18
901k-950k 1 2 2 0.3 3
951k-1m 3 2 1 0.1 9
1m-1.1m 6 2 0.1 18
1.1m-1.2m 6 1 0 36
1.2m-1.3m 7 1 0 42
1.3m-1.4m 8 2 0 24
1.4m-1.5m 7 3 1 0.1 14
1.5m-1.6m 4 1 0 24
1.6m-1.7m 1 0
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 2 1 0.1 12
1.9m-2m 5 1 0 30
2m-2.25m 3 0
2.25m-2.5m 7 1 1 0 42
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 3 0
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0