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
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 5 9 0.3 3.3
501k-550k 7 26 3 0.6 1.6
551k-600k 21 54 8 0.4 2.3
601k-650k 20 59 10 0.5 2
651k-700k 37 91 17 0.4 2.4
701k-750k 53 80 7 0.3 4
751k-800k 40 72 6 0.3 3.3
801k-850k 50 77 14 0.3 3.9
851k-900k 38 88 11 0.4 2.6
901k-950k 39 59 6 0.3 4
951k-1m 33 79 15 0.4 2.5
1m-1.1m 39 109 14 0.5 2.1
1.1m-1.2m 49 110 17 0.4 2.7
1.2m-1.3m 60 81 12 0.2 4.4
1.3m-1.4m 54 78 9 0.2 4.2
1.4m-1.5m 33 71 12 0.4 2.8
1.5m-1.6m 37 65 9 0.3 3.4
1.6m-1.7m 36 48 3 0.2 4.5
1.7m-1.8m 26 46 6 0.3 3.4
1.8m-1.9m 29 41 6 0.2 4.2
1.9m-2m 40 34 9 0.1 7.1
2m-2.25m 58 59 11 0.2 5.9
2.25m-2.5m 68 62 14 0.2 6.6
2.5m-2.75m 32 29 5 0.2 6.6
2.75m-3m 53 30 5 0.1 10.6
3m-3.5m 48 43 10 0.1 6.7
3.5m-4m 42 37 7 0.1 6.8
4m-4.5m 36 19 4 0.1 11.4
4.5m-5m 39 16 4 0.1 14.6
5.01m-6m 46 15 3 0.1 18.4
6.01m-7m 23 10 2 0.1 13.8
7.01m-8m 12 7 1 0.1 10.3
8.01m-9m 8 4 2 0.1 12
9.01m-10m 4 1 0 24
10.01m-11m 2 1 0.1 12
11.01m-12m 3 1 0.1 18
12.01m-13m 3 0
13.01m-14m 2 0
14.01m-15m 5 0
15.01m-16m 1 0
16.01m-17m 1 0
18.01m-19m 1 0
19.01m-20m 1 0
21.01m-22m 1 0
22.01m-23m 1 1 0.2 6
24.01m-25m 1 0
29.01m-30m 2 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
76k-100k 1 0
126k-150k 2 0.3 0
151k-175k 2 2 0.2 6
176k-200k 6 3 1 0.1 12
201k-225k 3 0
226k-250k 5 3 1 0.1 10
251k-275k 1 5 0.8 1.2
276k-300k 4 9 1 0.4 2.7
301k-325k 4 14 0.6 1.7
326k-350k 6 15 3 0.4 2.4
351k-375k 14 15 1 0.2 5.6
376k-400k 10 11 1 0.2 5.5
401k-425k 12 18 0.3 4
426k-450k 9 22 3 0.4 2.5
451k-475k 17 17 1 0.2 6
476k-500k 13 29 7 0.4 2.7
501k-550k 24 50 8 0.3 2.9
551k-600k 23 40 4 0.3 3.5
601k-650k 24 50 11 0.3 2.9
651k-700k 29 37 14 0.2 4.7
701k-750k 17 24 6 0.2 4.3
751k-800k 28 12 1 0.1 14
801k-850k 24 23 5 0.2 6.3
851k-900k 14 27 4 0.3 3.1
901k-950k 12 13 1 0.2 5.5
951k-1m 7 8 1 0.2 5.3
1m-1.1m 10 9 5 0.2 6.7
1.1m-1.2m 13 14 1 0.2 5.6
1.2m-1.3m 10 7 2 0.1 8.6
1.3m-1.4m 6 4 2 0.1 9
1.4m-1.5m 6 3 1 0.1 12
1.5m-1.6m 6 1 0 36
1.6m-1.7m 2 5 4 0.4 2.4
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 5 1 0 30
2.75m-3m 1 1 0.2 6
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 3 2 0.5 0
101k-125k 1 3 1 0.5 2
126k-150k 4 2 0.1 12
151k-175k 2 0
176k-200k 1 1 0.2 0
201k-225k 3 7 1 0.4 2.6
226k-250k 11 17 3 0.3 3.9
251k-275k 15 24 3 0.3 3.8
276k-300k 34 28 4 0.1 7.3
301k-325k 19 32 4 0.3 3.6
326k-350k 29 42 5 0.2 4.1
351k-375k 26 23 4 0.1 6.8
376k-400k 36 39 6 0.2 5.5
401k-425k 22 34 3 0.3 3.9
426k-450k 22 25 4 0.2 5.3
451k-475k 18 14 1 0.1 7.7
476k-500k 14 15 1 0.2 5.6
501k-550k 21 18 2 0.1 7
551k-600k 6 9 4 0.3 4
601k-650k 9 5 2 0.1 10.8
651k-700k 10 12 2 0.2 5
701k-750k 11 3 0 22
751k-800k 14 8 0.1 10.5
801k-850k 9 3 1 0.1 18
851k-900k 10 4 2 0.1 15
901k-950k 3 3 0.2 6
951k-1m 5 4 1 0.1 7.5
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 7 1 0 42
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 6 1 0 36
1.5m-1.6m 5 1 0 30
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 4 3 0.1 8
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 2 3 1 0.3 4
2m-2.25m 7 7 1 0.2 6
2.25m-2.5m 3 5 2 0.3 3.6
2.5m-2.75m 3 3 0.2 6
2.75m-3m 3 3 1 0.2 6
3m-3.5m 11 5 1 0.1 13.2
3.5m-4m 2 2 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 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 4 1 0 24
101k-125k 5 2 0.1 15
126k-150k 14 4 1 0 21
151k-175k 2 4 1 0.3 3
176k-200k 3 1 0.1 18
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 1 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 2 0.1 12
401k-425k 2 1 0.3 0
426k-450k 2 2 1 0.2 6
451k-475k 3 4 1 0.2 4.5
476k-500k 5 4 0.1 7.5
501k-550k 8 10 2 0.2 4.8
551k-600k 9 3 1 0.1 18
601k-650k 5 1 0 30
651k-700k 6 4 0.1 9
701k-750k 4 0
751k-800k 5 0
801k-850k 5 3 0.1 10
851k-900k 6 4 2 0.1 9
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 7 1 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 0
1.7m-1.8m 6 1 1 0 36
1.8m-1.9m 1 1 0.2 6
1.9m-2m 4 1 0 24
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 9 1 0 54
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 2 2 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 3 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 2 0
9.01m-10m 4 0