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 4 9 1 0.4 2.7
501k-550k 5 26 3 0.9 1.2
551k-600k 20 53 9 0.4 2.3
601k-650k 20 60 13 0.5 2
651k-700k 34 91 15 0.4 2.2
701k-750k 47 80 12 0.3 3.5
751k-800k 40 74 9 0.3 3.2
801k-850k 44 77 15 0.3 3.4
851k-900k 32 90 11 0.5 2.1
901k-950k 33 59 7 0.3 3.4
951k-1m 37 78 14 0.4 2.8
1m-1.1m 41 109 15 0.4 2.3
1.1m-1.2m 43 111 18 0.4 2.3
1.2m-1.3m 61 81 12 0.2 4.5
1.3m-1.4m 49 77 10 0.3 3.8
1.4m-1.5m 31 73 13 0.4 2.5
1.5m-1.6m 33 67 11 0.3 3
1.6m-1.7m 34 47 2 0.2 4.3
1.7m-1.8m 24 50 7 0.3 2.9
1.8m-1.9m 29 42 6 0.2 4.1
1.9m-2m 34 34 8 0.2 6
2m-2.25m 51 57 9 0.2 5.4
2.25m-2.5m 64 62 14 0.2 6.2
2.5m-2.75m 27 29 5 0.2 5.6
2.75m-3m 51 31 5 0.1 9.9
3m-3.5m 50 40 10 0.1 7.5
3.5m-4m 44 40 8 0.2 6.6
4m-4.5m 33 19 4 0.1 10.4
4.5m-5m 38 16 4 0.1 14.3
5.01m-6m 45 15 3 0.1 18
6.01m-7m 25 9 1 0.1 16.7
7.01m-8m 12 6 1 0.1 12
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 2 1 0.1 12
12.01m-13m 3 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
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 1 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 3 0.5 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 2 9 2 0.8 1.3
301k-325k 5 14 0.5 2.1
326k-350k 6 14 2 0.4 2.6
351k-375k 15 15 2 0.2 6
376k-400k 10 11 1 0.2 5.5
401k-425k 13 18 0.2 4.3
426k-450k 10 22 5 0.4 2.7
451k-475k 18 18 1 0.2 6
476k-500k 15 28 6 0.3 3.2
501k-550k 23 51 9 0.4 2.7
551k-600k 21 41 6 0.3 3.1
601k-650k 22 49 8 0.4 2.7
651k-700k 26 35 13 0.2 4.5
701k-750k 18 24 5 0.2 4.5
751k-800k 25 12 3 0.1 12.5
801k-850k 23 22 4 0.2 6.3
851k-900k 14 27 3 0.3 3.1
901k-950k 10 12 1 0.2 5
951k-1m 4 8 1 0.3 3
1m-1.1m 9 7 4 0.1 7.7
1.1m-1.2m 11 15 1 0.2 4.4
1.2m-1.3m 8 8 3 0.2 6
1.3m-1.4m 6 4 2 0.1 9
1.4m-1.5m 4 3 1 0.1 8
1.5m-1.6m 5 1 0 30
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 2 0.1 9
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 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 2 1 0.3 0
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 3 7 1 0.4 2.6
226k-250k 8 17 3 0.4 2.8
251k-275k 18 25 4 0.2 4.3
276k-300k 33 29 4 0.1 6.8
301k-325k 18 32 4 0.3 3.4
326k-350k 28 45 6 0.3 3.7
351k-375k 23 23 5 0.2 6
376k-400k 34 39 6 0.2 5.2
401k-425k 21 34 4 0.3 3.7
426k-450k 24 24 4 0.2 6
451k-475k 17 14 2 0.1 7.3
476k-500k 13 15 0.2 5.2
501k-550k 18 18 2 0.2 6
551k-600k 6 9 4 0.3 4
601k-650k 9 5 2 0.1 10.8
651k-700k 10 12 3 0.2 5
701k-750k 11 3 0 22
751k-800k 13 8 0.1 9.8
801k-850k 9 3 1 0.1 18
851k-900k 10 3 1 0.1 20
901k-950k 3 4 1 0.2 4.5
951k-1m 5 4 1 0.1 7.5
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 8 2 0 24
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 2 0.1 15
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 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 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 1 0.1 12
451k-475k 3 4 1 0.2 4.5
476k-500k 7 4 1 0.1 10.5
501k-550k 9 10 3 0.2 5.4
551k-600k 9 2 0 27
601k-650k 4 1 0 24
651k-700k 6 4 1 0.1 9
701k-750k 6 0
751k-800k 5 0
801k-850k 5 3 0.1 10
851k-900k 5 4 2 0.1 7.5
901k-950k 1 2 0.3 3
951k-1m 4 1 0 24
1m-1.1m 6 1 0 36
1.1m-1.2m 6 1 1 0 36
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 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 5 1 0 30
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 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 1 0
5.01m-6m 3 0
9.01m-10m 4 0