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 7 26 4 0.6 1.6
551k-600k 21 51 9 0.4 2.5
601k-650k 26 64 10 0.4 2.4
651k-700k 43 99 18 0.4 2.6
701k-750k 41 85 20 0.3 2.9
751k-800k 42 79 14 0.3 3.2
801k-850k 45 84 13 0.3 3.2
851k-900k 37 97 17 0.4 2.3
901k-950k 32 59 9 0.3 3.3
951k-1m 37 74 15 0.3 3
1m-1.1m 38 116 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 37 74 15 0.3 3
1.5m-1.6m 34 61 13 0.3 3.3
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 59 9 0.2 4.6
2.25m-2.5m 61 62 17 0.2 5.9
2.5m-2.75m 23 28 4 0.2 4.9
2.75m-3m 55 28 1 0.1 11.8
3m-3.5m 49 46 11 0.2 6.4
3.5m-4m 39 42 9 0.2 5.6
4m-4.5m 32 16 3 0.1 12
4.5m-5m 39 17 5 0.1 13.8
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 6 14 4 0.4 2.6
401k-425k 11 23 2 0.3 2.9
426k-450k 13 24 5 0.3 3.3
451k-475k 15 18 3 0.2 5
476k-500k 16 28 4 0.3 3.4
501k-550k 23 49 12 0.4 2.8
551k-600k 17 42 7 0.4 2.4
601k-650k 23 46 7 0.3 3
651k-700k 29 28 6 0.2 6.2
701k-750k 20 26 4 0.2 4.6
751k-800k 25 15 3 0.1 10
801k-850k 24 21 6 0.1 6.9
851k-900k 13 27 3 0.3 2.9
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 10 6 1 0.1 10
1.3m-1.4m 6 2 2 0.1 18
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 4 2 0.1 12
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 9% 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 0.1 12
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 31 30 3 0.2 6.2
301k-325k 20 35 6 0.3 3.4
326k-350k 25 44 11 0.3 3.4
351k-375k 27 22 5 0.1 7.4
376k-400k 33 42 9 0.2 4.7
401k-425k 22 35 3 0.3 3.8
426k-450k 19 27 6 0.2 4.2
451k-475k 14 15 2 0.2 5.6
476k-500k 11 17 1 0.3 3.9
501k-550k 20 17 2 0.1 7.1
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 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 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 10 4 1 0.1 15
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 6 2 1 0.1 18
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 6 1 0 36
1.2m-1.3m 7 1 0 42
1.3m-1.4m 7 2 0 21
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