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 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
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 18 52 11 0.5 2.1
601k-650k 22 58 15 0.4 2.3
651k-700k 36 92 14 0.4 2.3
701k-750k 40 80 14 0.3 3
751k-800k 42 73 10 0.3 3.5
801k-850k 41 77 14 0.3 3.2
851k-900k 30 93 11 0.5 1.9
901k-950k 27 59 9 0.4 2.7
951k-1m 35 77 19 0.4 2.7
1m-1.1m 35 111 15 0.5 1.9
1.1m-1.2m 35 108 19 0.5 1.9
1.2m-1.3m 67 81 16 0.2 5
1.3m-1.4m 48 78 13 0.3 3.7
1.4m-1.5m 31 72 11 0.4 2.6
1.5m-1.6m 31 66 11 0.4 2.8
1.6m-1.7m 28 46 2 0.3 3.7
1.7m-1.8m 21 54 9 0.4 2.3
1.8m-1.9m 25 39 3 0.3 3.8
1.9m-2m 32 34 8 0.2 5.6
2m-2.25m 49 59 14 0.2 5
2.25m-2.5m 66 58 11 0.1 6.8
2.5m-2.75m 23 29 6 0.2 4.8
2.75m-3m 48 29 3 0.1 9.9
3m-3.5m 45 44 10 0.2 6.1
3.5m-4m 44 41 8 0.2 6.4
4m-4.5m 32 19 5 0.1 10.1
4.5m-5m 40 17 4 0.1 14.1
5.01m-6m 43 13 1 0.1 19.8
6.01m-7m 23 9 1 0.1 15.3
7.01m-8m 13 6 1 0.1 13
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 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
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 6 3 1 0.1 12
201k-225k 3 0
226k-250k 5 2 0.1 15
251k-275k 1 5 0.8 1.2
276k-300k 2 8 2 0.7 1.5
301k-325k 4 13 1 0.5 1.8
326k-350k 9 13 0.2 4.2
351k-375k 13 14 2 0.2 5.6
376k-400k 9 12 2 0.2 4.5
401k-425k 12 19 2 0.3 3.8
426k-450k 9 24 5 0.4 2.3
451k-475k 13 19 1 0.2 4.1
476k-500k 15 30 7 0.3 3
501k-550k 21 50 13 0.4 2.5
551k-600k 17 39 4 0.4 2.6
601k-650k 20 48 8 0.4 2.5
651k-700k 27 30 10 0.2 5.4
701k-750k 15 25 6 0.3 3.6
751k-800k 23 14 3 0.1 9.9
801k-850k 23 21 3 0.2 6.6
851k-900k 11 28 4 0.4 2.4
901k-950k 11 12 1 0.2 5.5
951k-1m 4 8 0.3 3
1m-1.1m 10 6 3 0.1 10
1.1m-1.2m 10 15 1 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 6 3 1 0.1 12
1.5m-1.6m 6 1 0 36
1.6m-1.7m 2 4 3 0.3 3
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 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 2 1 0.3 3
101k-125k 1 3 1 0.5 2
126k-150k 3 2 0.1 9
151k-175k 1 0
176k-200k 1 1 0.2 0
201k-225k 1 7 2 1.2 0.9
226k-250k 8 16 2 0.3 3
251k-275k 19 25 4 0.2 4.6
276k-300k 30 29 1 0.2 6.2
301k-325k 18 32 5 0.3 3.4
326k-350k 25 45 10 0.3 3.3
351k-375k 26 26 6 0.2 6
376k-400k 31 37 7 0.2 5
401k-425k 23 33 3 0.2 4.2
426k-450k 21 25 4 0.2 5
451k-475k 14 15 2 0.2 5.6
476k-500k 10 16 0.3 3.8
501k-550k 16 19 2 0.2 5.1
551k-600k 3 9 4 0.5 2
601k-650k 9 4 1 0.1 13.5
651k-700k 9 12 4 0.2 4.5
701k-750k 13 3 0 26
751k-800k 12 8 0.1 9
801k-850k 8 2 0 24
851k-900k 9 3 1 0.1 18
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 6 7 1 0.2 5.1
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 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 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 3 0.1 8
401k-425k 1 0.2 0
426k-450k 2 1 0.1 12
451k-475k 3 5 1 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 4 1 0 24
651k-700k 5 4 1 0.1 7.5
701k-750k 5 0
751k-800k 4 0
801k-850k 3 3 0.2 6
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 0 54
2.5m-2.75m 1 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