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 0.2 0
426k-450k 1 2 0.3 3
451k-475k 2 7 0.6 1.7
476k-500k 9 1 1.5 0
501k-550k 4 28 4 1.2 0.9
551k-600k 19 52 11 0.5 2.2
601k-650k 23 58 14 0.4 2.4
651k-700k 37 93 15 0.4 2.4
701k-750k 40 81 15 0.3 3
751k-800k 40 73 10 0.3 3.3
801k-850k 43 75 13 0.3 3.4
851k-900k 32 94 14 0.5 2
901k-950k 29 60 9 0.3 2.9
951k-1m 35 76 17 0.4 2.8
1m-1.1m 38 112 17 0.5 2
1.1m-1.2m 36 108 19 0.5 2
1.2m-1.3m 65 83 18 0.2 4.7
1.3m-1.4m 48 78 15 0.3 3.7
1.4m-1.5m 31 70 10 0.4 2.7
1.5m-1.6m 33 66 12 0.3 3
1.6m-1.7m 27 46 2 0.3 3.5
1.7m-1.8m 21 52 8 0.4 2.4
1.8m-1.9m 26 40 4 0.3 3.9
1.9m-2m 32 34 8 0.2 5.6
2m-2.25m 49 61 15 0.2 4.8
2.25m-2.5m 63 58 14 0.2 6.5
2.5m-2.75m 20 29 6 0.2 4.1
2.75m-3m 51 29 3 0.1 10.6
3m-3.5m 46 44 11 0.2 6.3
3.5m-4m 43 41 8 0.2 6.3
4m-4.5m 30 17 3 0.1 10.6
4.5m-5m 40 17 4 0.1 14.1
5.01m-6m 42 14 1 0.1 18
6.01m-7m 23 9 1 0.1 15.3
7.01m-8m 12 6 1 0.1 12
8.01m-9m 8 4 2 0.1 12
9.01m-10m 3 1 0.1 18
10.01m-11m 1 1 0.2 6
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
17.01m-18m 1 0
18.01m-19m 1 0
19.01m-20m 1 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 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 0
126k-150k 3 1 0.5 0
151k-175k 1 2 1 0.3 3
176k-200k 7 3 1 0.1 14
201k-225k 3 0
226k-250k 5 2 0.1 15
251k-275k 5 1 0.8 0
276k-300k 2 8 2 0.7 1.5
301k-325k 4 13 1 0.5 1.8
326k-350k 9 13 1 0.2 4.2
351k-375k 13 14 2 0.2 5.6
376k-400k 8 12 2 0.3 4
401k-425k 11 19 2 0.3 3.5
426k-450k 12 25 5 0.3 2.9
451k-475k 14 19 2 0.2 4.4
476k-500k 15 30 8 0.3 3
501k-550k 20 50 14 0.4 2.4
551k-600k 16 40 4 0.4 2.4
601k-650k 20 49 8 0.4 2.4
651k-700k 28 30 10 0.2 5.6
701k-750k 16 25 5 0.3 3.8
751k-800k 23 14 3 0.1 9.9
801k-850k 23 21 4 0.2 6.6
851k-900k 11 28 4 0.4 2.4
901k-950k 12 12 1 0.2 6
951k-1m 4 8 0.3 3
1m-1.1m 10 6 3 0.1 10
1.1m-1.2m 10 15 2 0.3 4
1.2m-1.3m 8 6 1 0.1 8
1.3m-1.4m 5 3 2 0.1 10
1.4m-1.5m 8 3 1 0.1 16
1.5m-1.6m 6 1 0 36
1.6m-1.7m 2 3 2 0.3 4
1.7m-1.8m 4 1 1 0 24
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 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 1 8 2 1.3 0.8
226k-250k 9 15 1 0.3 3.6
251k-275k 20 25 4 0.2 4.8
276k-300k 31 29 2 0.2 6.4
301k-325k 17 33 5 0.3 3.1
326k-350k 25 46 11 0.3 3.3
351k-375k 26 25 6 0.2 6.2
376k-400k 34 37 7 0.2 5.5
401k-425k 23 33 3 0.2 4.2
426k-450k 23 25 4 0.2 5.5
451k-475k 14 15 2 0.2 5.6
476k-500k 12 16 0.2 4.5
501k-550k 19 18 1 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 3 0 30
751k-800k 12 8 0.1 9
801k-850k 8 2 0 24
851k-900k 10 3 1 0.1 20
901k-950k 3 4 1 0.2 4.5
951k-1m 5 3 0.1 10
1m-1.1m 1 1 0.2 6
1.1m-1.2m 8 2 0 24
1.2m-1.3m 4 2 1 0.1 12
1.3m-1.4m 4 3 0.1 8
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 5 3 0.1 10
1.8m-1.9m 6 3 0.1 12
1.9m-2m 3 2 0.1 9
2m-2.25m 5 7 1 0.2 4.3
2.25m-2.5m 3 5 2 0.3 3.6
2.5m-2.75m 4 3 0.1 8
2.75m-3m 3 3 1 0.2 6
3m-3.5m 10 5 1 0.1 12
3.5m-4m 2 2 1 0.2 6
4m-4.5m 3 0
4.5m-5m 1 2 0.3 3
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 1 0.1 12
76k-100k 3 1 0.1 18
101k-125k 4 2 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 3 0.1 8
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 9 3 0.2 4.7
551k-600k 9 2 0 27
601k-650k 5 1 0 30
651k-700k 5 4 1 0.1 7.5
701k-750k 4 0
751k-800k 4 0
801k-850k 5 3 0.1 10
851k-900k 5 4 2 0.1 7.5
901k-950k 1 2 0.3 3
951k-1m 3 1 0.1 18
1m-1.1m 6 1 0 36
1.1m-1.2m 6 1 1 0 36
1.2m-1.3m 6 1 0 36
1.3m-1.4m 1 2 0.3 3
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