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 30 10 0.8 1.2
551k-600k 22 46 7 0.3 2.9
601k-650k 36 68 10 0.3 3.2
651k-700k 44 106 16 0.4 2.5
701k-750k 47 83 17 0.3 3.4
751k-800k 45 85 13 0.3 3.2
801k-850k 48 79 11 0.3 3.6
851k-900k 42 103 18 0.4 2.4
901k-950k 36 61 12 0.3 3.5
951k-1m 48 72 15 0.3 4
1m-1.1m 59 116 21 0.3 3.1
1.1m-1.2m 42 109 17 0.4 2.3
1.2m-1.3m 66 83 23 0.2 4.8
1.3m-1.4m 49 78 14 0.3 3.8
1.4m-1.5m 49 75 16 0.3 3.9
1.5m-1.6m 34 61 12 0.3 3.3
1.6m-1.7m 31 54 14 0.3 3.4
1.7m-1.8m 36 51 10 0.2 4.2
1.8m-1.9m 31 39 6 0.2 4.8
1.9m-2m 34 33 11 0.2 6.2
2m-2.25m 47 65 10 0.2 4.3
2.25m-2.5m 71 58 12 0.1 7.3
2.5m-2.75m 26 29 6 0.2 5.4
2.75m-3m 60 36 4 0.1 10
3m-3.5m 43 43 8 0.2 6
3.5m-4m 44 41 11 0.2 6.4
4m-4.5m 35 19 3 0.1 11.1
4.5m-5m 40 18 9 0.1 13.3
5.01m-6m 46 14 0.1 19.7
6.01m-7m 25 10 2 0.1 15
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 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 7 2 1 0 21
201k-225k 3 1 0.1 18
226k-250k 5 2 2 0.1 15
251k-275k 5 2 0.8 0
276k-300k 4 10 3 0.4 2.4
301k-325k 4 12 0.5 2
326k-350k 11 14 2 0.2 4.7
351k-375k 8 16 5 0.3 3
376k-400k 7 14 4 0.3 3
401k-425k 8 23 1 0.5 2.1
426k-450k 13 23 7 0.3 3.4
451k-475k 12 18 4 0.3 4
476k-500k 20 33 4 0.3 3.6
501k-550k 26 43 10 0.3 3.6
551k-600k 17 42 11 0.4 2.4
601k-650k 23 49 6 0.4 2.8
651k-700k 39 27 7 0.1 8.7
701k-750k 17 32 4 0.3 3.2
751k-800k 23 16 1 0.1 8.6
801k-850k 21 23 4 0.2 5.5
851k-900k 16 30 5 0.3 3.2
901k-950k 11 14 1 0.2 4.7
951k-1m 4 12 1 0.5 2
1m-1.1m 10 3 2 0.1 20
1.1m-1.2m 10 15 5 0.3 4
1.2m-1.3m 10 6 1 0.1 10
1.3m-1.4m 6 3 1 0.1 12
1.4m-1.5m 8 2 0 24
1.5m-1.6m 5 1 0 30
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 5 3 1 0.1 10
1.9m-2m 1 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 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
76k-100k 1 1 0.2 0
101k-125k 1 2 1 0.3 3
126k-150k 2 2 1 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 17 1 0.4 2.8
251k-275k 22 27 4 0.2 4.9
276k-300k 30 34 5 0.2 5.3
301k-325k 19 33 4 0.3 3.5
326k-350k 28 42 10 0.3 4
351k-375k 20 18 4 0.2 6.7
376k-400k 41 42 8 0.2 5.9
401k-425k 21 41 8 0.3 3.1
426k-450k 25 29 2 0.2 5.2
451k-475k 13 17 4 0.2 4.6
476k-500k 8 18 4 0.4 2.7
501k-550k 11 17 3 0.3 3.9
551k-600k 1 9 4 1.5 0.7
601k-650k 12 5 0.1 14.4
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 1 0 27
901k-950k 5 4 1 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 2 0.1 12
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 2 0.2 6
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 5 2 0.1 16.8
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 2 1 0.2 6
451k-475k 4 4 0.2 6
476k-500k 10 3 1 0.1 20
501k-550k 6 8 3 0.2 4.5
551k-600k 10 2 0 30
601k-650k 7 1 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