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 4 26 3 1.1 0.9
551k-600k 23 52 9 0.4 2.7
601k-650k 22 59 14 0.4 2.2
651k-700k 38 89 14 0.4 2.6
701k-750k 45 79 13 0.3 3.4
751k-800k 38 72 8 0.3 3.2
801k-850k 42 77 13 0.3 3.3
851k-900k 32 92 12 0.5 2.1
901k-950k 30 60 7 0.3 3
951k-1m 37 75 13 0.3 3
1m-1.1m 38 109 14 0.5 2.1
1.1m-1.2m 46 108 14 0.4 2.6
1.2m-1.3m 61 82 14 0.2 4.5
1.3m-1.4m 49 79 12 0.3 3.7
1.4m-1.5m 30 71 11 0.4 2.5
1.5m-1.6m 31 67 12 0.4 2.8
1.6m-1.7m 32 46 2 0.2 4.2
1.7m-1.8m 22 50 8 0.4 2.6
1.8m-1.9m 28 42 5 0.3 4
1.9m-2m 34 33 7 0.2 6.2
2m-2.25m 49 60 13 0.2 4.9
2.25m-2.5m 65 61 13 0.2 6.4
2.5m-2.75m 27 29 5 0.2 5.6
2.75m-3m 50 30 4 0.1 10
3m-3.5m 47 43 10 0.2 6.6
3.5m-4m 41 41 10 0.2 6
4m-4.5m 34 18 4 0.1 11.3
4.5m-5m 38 16 4 0.1 14.3
5.01m-6m 45 13 0 20.8
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 3 1 0.1 18
10.01m-11m 1 1 0.2 6
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 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 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 9 2 0.8 1.3
301k-325k 4 14 0.6 1.7
326k-350k 7 13 1 0.3 3.2
351k-375k 16 14 1 0.1 6.9
376k-400k 8 12 2 0.3 4
401k-425k 13 18 1 0.2 4.3
426k-450k 10 23 5 0.4 2.6
451k-475k 15 18 1 0.2 5
476k-500k 16 27 6 0.3 3.6
501k-550k 24 51 9 0.4 2.8
551k-600k 20 40 5 0.3 3
601k-650k 19 47 7 0.4 2.4
651k-700k 28 32 10 0.2 5.3
701k-750k 13 25 6 0.3 3.1
751k-800k 25 12 3 0.1 12.5
801k-850k 23 22 4 0.2 6.3
851k-900k 13 26 2 0.3 3
901k-950k 10 12 1 0.2 5
951k-1m 3 8 1 0.4 2.3
1m-1.1m 9 7 4 0.1 7.7
1.1m-1.2m 11 14 0.2 4.7
1.2m-1.3m 8 8 3 0.2 6
1.3m-1.4m 6 4 2 0.1 9
1.4m-1.5m 6 3 1 0.1 12
1.5m-1.6m 6 1 0 36
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 1 0.1 12
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 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 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 1 1.2 0.9
226k-250k 7 17 3 0.4 2.5
251k-275k 21 25 4 0.2 5
276k-300k 34 29 3 0.1 7
301k-325k 18 33 6 0.3 3.3
326k-350k 28 44 7 0.3 3.8
351k-375k 26 24 5 0.2 6.5
376k-400k 32 38 6 0.2 5.1
401k-425k 23 33 3 0.2 4.2
426k-450k 22 25 5 0.2 5.3
451k-475k 16 15 2 0.2 6.4
476k-500k 11 16 0.2 4.1
501k-550k 18 18 2 0.2 6
551k-600k 6 8 3 0.2 4.5
601k-650k 8 6 3 0.1 8
651k-700k 11 12 3 0.2 5.5
701k-750k 11 3 0 22
751k-800k 13 8 0.1 9.8
801k-850k 10 2 0 30
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 1 0.2 6
1.1m-1.2m 8 3 1 0.1 16
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 6 1 0 36
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 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 2 3 1 0.3 4
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 3 0.1 8
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 9 4 1 0.1 13.5
501k-550k 8 9 2 0.2 5.3
551k-600k 8 2 0 24
601k-650k 4 1 0 24
651k-700k 5 4 1 0.1 7.5
701k-750k 5 0
751k-800k 5 0
801k-850k 4 3 0.1 8
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 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