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 0.2 0
426k-450k 1 2 0.3 3
451k-475k 3 8 1 0.4 2.3
476k-500k 9 1 1.5 0
501k-550k 6 26 4 0.7 1.4
551k-600k 21 52 10 0.4 2.4
601k-650k 26 64 10 0.4 2.4
651k-700k 43 99 18 0.4 2.6
701k-750k 42 85 20 0.3 3
751k-800k 41 79 14 0.3 3.1
801k-850k 43 84 13 0.3 3.1
851k-900k 38 96 16 0.4 2.4
901k-950k 32 59 9 0.3 3.3
951k-1m 36 76 17 0.4 2.8
1m-1.1m 39 116 20 0.5 2
1.1m-1.2m 45 108 19 0.4 2.5
1.2m-1.3m 62 85 23 0.2 4.4
1.3m-1.4m 46 79 20 0.3 3.5
1.4m-1.5m 36 74 15 0.3 2.9
1.5m-1.6m 35 61 13 0.3 3.4
1.6m-1.7m 29 49 6 0.3 3.6
1.7m-1.8m 24 53 8 0.4 2.7
1.8m-1.9m 28 37 5 0.2 4.5
1.9m-2m 35 33 9 0.2 6.4
2m-2.25m 45 60 10 0.2 4.5
2.25m-2.5m 62 61 16 0.2 6.1
2.5m-2.75m 22 28 4 0.2 4.7
2.75m-3m 54 28 1 0.1 11.6
3m-3.5m 48 46 11 0.2 6.3
3.5m-4m 39 43 10 0.2 5.4
4m-4.5m 32 16 3 0.1 12
4.5m-5m 37 18 6 0.1 12.3
5.01m-6m 43 16 2 0.1 16.1
6.01m-7m 23 9 1 0.1 15.3
7.01m-8m 14 6 1 0.1 14
8.01m-9m 7 2 1 0 21
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 0 24
201k-225k 2 0
226k-250k 6 2 1 0.1 18
251k-275k 6 1 1 0
276k-300k 1 9 3 1.5 0.7
301k-325k 5 14 1 0.5 2.1
326k-350k 9 14 2 0.3 3.9
351k-375k 12 14 3 0.2 5.1
376k-400k 7 14 4 0.3 3
401k-425k 11 23 2 0.3 2.9
426k-450k 14 24 5 0.3 3.5
451k-475k 15 18 3 0.2 5
476k-500k 15 28 4 0.3 3.2
501k-550k 22 50 13 0.4 2.6
551k-600k 18 41 6 0.4 2.6
601k-650k 23 46 7 0.3 3
651k-700k 30 28 6 0.2 6.4
701k-750k 19 26 4 0.2 4.4
751k-800k 25 15 3 0.1 10
801k-850k 24 21 6 0.1 6.9
851k-900k 13 28 4 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 2 0.1 12
1.1m-1.2m 8 17 3 0.4 2.8
1.2m-1.3m 9 7 2 0.1 7.7
1.3m-1.4m 5 2 2 0.1 15
1.4m-1.5m 8 3 1 0.1 16
1.5m-1.6m 5 1 0 30
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 2 0.1 9
1.9m-2m 2 1 0.1 12
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 1 2 0.3 3
126k-150k 3 2 0.1 9
151k-175k 2 0
176k-200k 2 1 0.3 0
201k-225k 2 7 1 0.6 1.7
226k-250k 9 17 3 0.3 3.2
251k-275k 20 30 2 0.3 4
276k-300k 32 30 3 0.2 6.4
301k-325k 19 35 6 0.3 3.3
326k-350k 25 44 11 0.3 3.4
351k-375k 27 22 5 0.1 7.4
376k-400k 33 43 10 0.2 4.6
401k-425k 22 35 3 0.3 3.8
426k-450k 20 27 6 0.2 4.4
451k-475k 14 15 2 0.2 5.6
476k-500k 11 17 1 0.3 3.9
501k-550k 18 18 3 0.2 6
551k-600k 4 6 0.3 4
601k-650k 10 5 1 0.1 12
651k-700k 11 11 6 0.2 6
701k-750k 15 4 0 22.5
751k-800k 11 9 2 0.1 7.3
801k-850k 6 2 0.1 18
851k-900k 11 2 0 33
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 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 2 3 0.3 4
2m-2.25m 6 6 0.2 6
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 3 2 0.1 9
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 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 1 0.1 12
126k-150k 15 3 2 0 30
151k-175k 4 4 0.2 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 3 0.1 8
326k-350k 3 0
351k-375k 4 2 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 3 5 2 0.3 3.6
476k-500k 9 4 1 0.1 13.5
501k-550k 8 7 2 0.1 6.9
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 5 3 2 0.1 10
901k-950k 1 2 2 0.3 3
951k-1m 3 1 0.1 18
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 6 2 0.1 18
1.4m-1.5m 6 3 0.1 12
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 1 1 0.1 18
2.25m-2.5m 7 1 1 0 42
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