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 3 8 1 0.4 2.3
476k-500k 9 1 1.5 0
501k-550k 7 27 5 0.6 1.6
551k-600k 22 53 12 0.4 2.5
601k-650k 24 63 9 0.4 2.3
651k-700k 41 98 17 0.4 2.5
701k-750k 43 84 17 0.3 3.1
751k-800k 42 78 13 0.3 3.2
801k-850k 42 83 14 0.3 3
851k-900k 38 99 18 0.4 2.3
901k-950k 32 61 11 0.3 3.1
951k-1m 37 75 16 0.3 3
1m-1.1m 39 116 20 0.5 2
1.1m-1.2m 43 110 19 0.4 2.3
1.2m-1.3m 63 84 21 0.2 4.5
1.3m-1.4m 48 80 18 0.3 3.6
1.4m-1.5m 33 72 13 0.4 2.8
1.5m-1.6m 34 63 13 0.3 3.2
1.6m-1.7m 30 49 4 0.3 3.7
1.7m-1.8m 24 52 8 0.4 2.8
1.8m-1.9m 26 39 5 0.3 4
1.9m-2m 35 35 10 0.2 6
2m-2.25m 44 58 8 0.2 4.6
2.25m-2.5m 65 61 15 0.2 6.4
2.5m-2.75m 23 29 4 0.2 4.8
2.75m-3m 54 28 1 0.1 11.6
3m-3.5m 47 45 11 0.2 6.3
3.5m-4m 40 41 10 0.2 5.9
4m-4.5m 32 16 3 0.1 12
4.5m-5m 39 18 6 0.1 13
5.01m-6m 42 16 2 0.1 15.8
6.01m-7m 24 9 1 0.1 16
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 5 1 0.8 0
276k-300k 2 9 3 0.8 1.3
301k-325k 4 14 1 0.6 1.7
326k-350k 10 14 2 0.2 4.3
351k-375k 12 14 3 0.2 5.1
376k-400k 7 14 3 0.3 3
401k-425k 10 23 2 0.4 2.6
426k-450k 14 25 4 0.3 3.4
451k-475k 15 18 2 0.2 5
476k-500k 16 29 5 0.3 3.3
501k-550k 22 48 11 0.4 2.8
551k-600k 20 41 5 0.3 2.9
601k-650k 22 46 7 0.3 2.9
651k-700k 30 28 6 0.2 6.4
701k-750k 19 26 3 0.2 4.4
751k-800k 25 15 3 0.1 10
801k-850k 21 22 6 0.2 5.7
851k-900k 12 28 4 0.4 2.6
901k-950k 14 15 1 0.2 5.6
951k-1m 4 9 0.4 2.7
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 2 1 0.1 9
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 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 6 1 0.5 2
226k-250k 9 16 3 0.3 3.4
251k-275k 20 28 2 0.2 4.3
276k-300k 33 30 3 0.2 6.6
301k-325k 18 36 7 0.3 3
326k-350k 26 46 13 0.3 3.4
351k-375k 27 23 5 0.1 7
376k-400k 34 42 10 0.2 4.9
401k-425k 24 34 2 0.2 4.2
426k-450k 21 27 6 0.2 4.7
451k-475k 14 16 3 0.2 5.3
476k-500k 11 16 1 0.2 4.1
501k-550k 19 18 3 0.2 6.3
551k-600k 3 7 1 0.4 2.6
601k-650k 11 4 1 0.1 16.5
651k-700k 10 11 5 0.2 5.5
701k-750k 15 4 0 22.5
751k-800k 10 9 1 0.2 6.7
801k-850k 6 2 0.1 18
851k-900k 10 2 0 30
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 3 3 0.2 6
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 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 4 3 0 22.5
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 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 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 4 4 3 0.2 6
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 2 0.1 18
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