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
301k-325k 1 0
351k-375k 1 0.2 0
401k-425k 2 0.3 0
426k-450k 1 2 1 0.3 3
451k-475k 3 7 0.4 2.6
476k-500k 1 8 1.3 0.8
501k-550k 6 28 10 0.8 1.3
551k-600k 22 45 7 0.3 2.9
601k-650k 34 67 10 0.3 3
651k-700k 45 101 15 0.4 2.7
701k-750k 47 82 15 0.3 3.4
751k-800k 43 81 14 0.3 3.2
801k-850k 49 78 9 0.3 3.8
851k-900k 42 102 15 0.4 2.5
901k-950k 37 61 11 0.3 3.6
951k-1m 46 69 13 0.3 4
1m-1.1m 59 114 18 0.3 3.1
1.1m-1.2m 44 106 13 0.4 2.5
1.2m-1.3m 65 80 22 0.2 4.9
1.3m-1.4m 47 78 13 0.3 3.6
1.4m-1.5m 50 75 15 0.3 4
1.5m-1.6m 36 57 9 0.3 3.8
1.6m-1.7m 31 53 13 0.3 3.5
1.7m-1.8m 35 52 8 0.2 4
1.8m-1.9m 31 38 4 0.2 4.9
1.9m-2m 34 33 9 0.2 6.2
2m-2.25m 46 64 11 0.2 4.3
2.25m-2.5m 71 56 12 0.1 7.6
2.5m-2.75m 26 27 6 0.2 5.8
2.75m-3m 60 34 4 0.1 10.6
3m-3.5m 43 43 7 0.2 6
3.5m-4m 43 42 11 0.2 6.1
4m-4.5m 35 18 3 0.1 11.7
4.5m-5m 40 17 7 0.1 14.1
5.01m-6m 46 14 0.1 19.7
6.01m-7m 25 8 2 0.1 18.8
7.01m-8m 12 5 1 0.1 14.4
8.01m-9m 9 3 0.1 18
9.01m-10m 4 2 0.1 12
10.01m-11m 2 1 0.1 12
11.01m-12m 1 0
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 3 0
21.01m-22m 1 0
22.01m-23m 1 0
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
126k-150k 2 0.3 0
151k-175k 1 1 0.2 6
176k-200k 7 2 1 0 21
201k-225k 3 1 0.1 18
226k-250k 5 2 1 0.1 15
251k-275k 5 2 0.8 0
276k-300k 4 9 2 0.4 2.7
301k-325k 4 12 0.5 2
326k-350k 11 14 2 0.2 4.7
351k-375k 9 16 4 0.3 3.4
376k-400k 6 12 3 0.3 3
401k-425k 8 22 1 0.5 2.2
426k-450k 12 23 7 0.3 3.1
451k-475k 12 18 3 0.3 4
476k-500k 21 30 4 0.2 4.2
501k-550k 25 42 8 0.3 3.6
551k-600k 17 41 9 0.4 2.5
601k-650k 23 45 6 0.3 3.1
651k-700k 39 27 6 0.1 8.7
701k-750k 18 29 4 0.3 3.7
751k-800k 23 14 1 0.1 9.9
801k-850k 22 22 3 0.2 6
851k-900k 16 29 4 0.3 3.3
901k-950k 11 14 1 0.2 4.7
951k-1m 3 12 1 0.7 1.5
1m-1.1m 11 3 2 0 22
1.1m-1.2m 10 15 5 0.3 4
1.2m-1.3m 10 6 0.1 10
1.3m-1.4m 7 2 1 0 21
1.4m-1.5m 7 2 0 21
1.5m-1.6m 5 1 0 30
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 5 3 1 0.1 10
1.9m-2m 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 5 0
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12

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 1 0.2 0
101k-125k 1 2 1 0.3 3
126k-150k 2 2 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 16 1 0.3 3
251k-275k 21 27 3 0.2 4.7
276k-300k 30 34 5 0.2 5.3
301k-325k 19 34 4 0.3 3.4
326k-350k 29 41 11 0.2 4.2
351k-375k 20 18 4 0.2 6.7
376k-400k 41 39 8 0.2 6.3
401k-425k 21 41 6 0.3 3.1
426k-450k 24 27 2 0.2 5.3
451k-475k 13 16 2 0.2 4.9
476k-500k 8 18 3 0.4 2.7
501k-550k 11 17 4 0.3 3.9
551k-600k 1 8 4 1.3 0.8
601k-650k 11 5 0.1 13.2
651k-700k 10 12 4 0.2 5
701k-750k 16 9 0.1 10.7
751k-800k 9 9 2 0.2 6
801k-850k 11 3 2 0 22
851k-900k 9 2 0 27
901k-950k 5 4 0.1 7.5
951k-1m 5 3 0.1 10
1m-1.1m 2 0
1.1m-1.2m 7 4 1 0.1 10.5
1.2m-1.3m 4 1 0 24
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 3 2 1 0.1 9
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 6 3 3 0.1 12
1.9m-2m 1 4 1 0.7 1.5
2m-2.25m 5 6 2 0.2 5
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 2 2 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 2 1 0.1 12
4m-4.5m 4 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 5% 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 2 0.2 6
76k-100k 3 2 0.1 9
101k-125k 5 2 1 0.1 15
126k-150k 14 3 2 0 28
151k-175k 5 4 1 0.1 7.5
176k-200k 4 1 0 24
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 2 0
276k-300k 4 1 0 24
301k-325k 4 2 0.1 12
326k-350k 2 1 0.1 12
351k-375k 4 2 1 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 0.2 0
426k-450k 2 3 1 0.3 4
451k-475k 4 3 0.1 8
476k-500k 10 3 1 0.1 20
501k-550k 6 7 3 0.2 5.1
551k-600k 10 2 0 30
601k-650k 7 1 0 42
651k-700k 5 4 1 0.1 7.5
701k-750k 4 0
751k-800k 2 0
801k-850k 5 3 0.1 10
851k-900k 6 2 2 0.1 18
901k-950k 2 2 2 0.2 6
951k-1m 3 2 1 0.1 9
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 7 2 0 21
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 2 0
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 1 0.1 18
1.9m-2m 4 1 0 24
2m-2.25m 3 0
2.25m-2.5m 7 0
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 3 0
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0