Supply & Demand in 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 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
251k-275k 1 0.2 0
276k-300k 1 1 0.2 6
326k-350k 1 0.2 0
376k-400k 2 0.3 0
401k-425k 1 3 0.5 2
426k-450k 1 0.2 0
451k-475k 1 5 0.8 1.2
476k-500k 3 8 2 0.4 2.3
501k-550k 11 42 6 0.6 1.6
551k-600k 26 55 11 0.4 2.8
601k-650k 26 71 15 0.5 2.2
651k-700k 48 86 12 0.3 3.3
701k-750k 57 102 22 0.3 3.4
751k-800k 66 94 21 0.2 4.2
801k-850k 39 103 17 0.4 2.3
851k-900k 51 70 15 0.2 4.4
901k-950k 32 84 20 0.4 2.3
951k-1m 52 62 15 0.2 5
1m-1.1m 50 112 17 0.4 2.7
1.1m-1.2m 70 115 18 0.3 3.7
1.2m-1.3m 50 112 23 0.4 2.7
1.3m-1.4m 53 70 16 0.2 4.5
1.4m-1.5m 42 67 10 0.3 3.8
1.5m-1.6m 48 72 8 0.3 4
1.6m-1.7m 36 57 9 0.3 3.8
1.7m-1.8m 42 64 9 0.3 3.9
1.8m-1.9m 23 42 6 0.3 3.3
1.9m-2m 44 34 4 0.1 7.8
2m-2.25m 66 71 10 0.2 5.6
2.25m-2.5m 74 63 11 0.1 7
2.5m-2.75m 46 43 15 0.2 6.4
2.75m-3m 61 38 8 0.1 9.6
3m-3.5m 58 49 14 0.1 7.1
3.5m-4m 49 33 6 0.1 8.9
4m-4.5m 48 20 5 0.1 14.4
4.5m-5m 46 18 3 0.1 15.3
5.01m-6m 55 27 4 0.1 12.2
6.01m-7m 21 8 1 0.1 15.8
7.01m-8m 16 5 0.1 19.2
8.01m-9m 8 3 0.1 16
9.01m-10m 5 1 1 0 30
10.01m-11m 5 1 0 30
11.01m-12m 6 0
12.01m-13m 4 0
13.01m-14m 2 1 0.1 12
14.01m-15m 3 1 0.1 18
17.01m-18m 1 0
18.01m-19m 2 0
19.01m-20m 1 0.2 0
20.01m-21m 1 0
21.01m-22m 1 0
22.01m-23m 1 0
23.01m-24m 1 0
24.01m-25m 2 1 0.1 12
47.01m-48m 1 0

Townhouses 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
76k-100k 1 0.2 0
151k-175k 4 3 0.1 8
176k-200k 1 4 3 0.7 1.5
201k-225k 4 5 0.2 4.8
226k-250k 3 6 1 0.3 3
251k-275k 6 9 0.3 4
276k-300k 13 12 1 0.2 6.5
301k-325k 9 8 2 0.1 6.8
326k-350k 19 14 2 0.1 8.1
351k-375k 10 14 2 0.2 4.3
376k-400k 15 14 1 0.2 6.4
401k-425k 13 13 0.2 6
426k-450k 11 30 1 0.5 2.2
451k-475k 12 31 3 0.4 2.3
476k-500k 12 37 5 0.5 1.9
501k-550k 26 43 6 0.3 3.6
551k-600k 29 49 11 0.3 3.6
601k-650k 23 36 8 0.3 3.8
651k-700k 23 38 7 0.3 3.6
701k-750k 14 27 5 0.3 3.1
751k-800k 18 17 3 0.2 6.4
801k-850k 15 20 3 0.2 4.5
851k-900k 24 23 2 0.2 6.3
901k-950k 9 9 1 0.2 6
951k-1m 8 10 1 0.2 4.8
1m-1.1m 17 9 2 0.1 11.3
1.1m-1.2m 13 10 1 0.1 7.8
1.2m-1.3m 12 9 0.1 8
1.3m-1.4m 6 1 0 36
1.4m-1.5m 7 1 0 42
1.5m-1.6m 4 1 0 24
1.6m-1.7m 8 3 1 0.1 16
1.7m-1.8m 4 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 4 0
2m-2.25m 3 5 1 0.3 3.6
2.25m-2.5m 4 2 2 0.1 12
2.5m-2.75m 9 3 1 0.1 18
2.75m-3m 1 2 0.3 3
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 2 0

Condos 13% 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 2 0.3 3
101k-125k 5 1 0 30
126k-150k 15 1 0 90
151k-175k 2 2 0.3 0
176k-200k 4 8 1 0.3 3
201k-225k 11 9 1 0.1 7.3
226k-250k 21 27 6 0.2 4.7
251k-275k 24 30 2 0.2 4.8
276k-300k 36 42 8 0.2 5.1
301k-325k 33 24 4 0.1 8.3
326k-350k 21 34 7 0.3 3.7
351k-375k 30 35 7 0.2 5.1
376k-400k 34 35 6 0.2 5.8
401k-425k 20 35 7 0.3 3.4
426k-450k 22 17 4 0.1 7.8
451k-475k 16 16 1 0.2 6
476k-500k 6 11 2 0.3 3.3
501k-550k 16 9 3 0.1 10.7
551k-600k 14 10 1 0.1 8.4
601k-650k 17 10 1 0.1 10.2
651k-700k 13 7 2 0.1 11.1
701k-750k 11 6 1 0.1 11
751k-800k 15 5 1 0.1 18
801k-850k 7 3 0.1 14
851k-900k 8 3 1 0.1 16
901k-950k 6 7 2 0.2 5.1
951k-1m 7 1 1 0 42
1m-1.1m 4 2 0.1 12
1.1m-1.2m 7 4 3 0.1 10.5
1.2m-1.3m 7 5 2 0.1 8.4
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 1 8 5 1.3 0.8
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 8 7 1 0.1 6.9
1.7m-1.8m 5 6 1 0.2 5
1.8m-1.9m 8 0
1.9m-2m 3 0
2m-2.25m 10 3 0.1 20
2.25m-2.5m 7 2 1 0 21
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 4 6 0.3 4
3m-3.5m 9 0
3.5m-4m 4 0
4m-4.5m 1 2 0.3 3
4.5m-5m 1 1 0.2 0
5.01m-6m 3 0
6.01m-7m 2 0
7.01m-8m 1 0
10.01m-11m 1 0
12.01m-13m 1 0

Land 4% 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 1 3 0.5 2
76k-100k 3 1 0.1 18
101k-125k 4 2 1 0.1 12
126k-150k 14 1 0 84
151k-175k 7 1 0 42
176k-200k 3 3 0.2 6
201k-225k 3 1 0.1 18
226k-250k 5 3 0.1 10
251k-275k 1 2 0.3 3
276k-300k 2 3 0.3 4
301k-325k 2 1 0.1 12
326k-350k 2 0
351k-375k 2 1 0.1 12
376k-400k 4 2 0.1 12
401k-425k 2 2 0.2 6
426k-450k 1 3 0.5 2
451k-475k 1 1 0.2 6
476k-500k 5 3 1 0.1 10
501k-550k 9 8 1 0.1 6.8
551k-600k 3 1 0.1 18
601k-650k 6 1 0 36
651k-700k 2 0.3 0
701k-750k 4 2 1 0.1 12
751k-800k 11 1 1 0 66
801k-850k 5 1 1 0 30
851k-900k 6 2 0.1 18
901k-950k 2 0
951k-1m 7 0
1m-1.1m 4 2 0.1 12
1.1m-1.2m 6 2 0.1 18
1.2m-1.3m 10 2 1 0 30
1.3m-1.4m 6 1 0 36
1.4m-1.5m 11 2 0 33
1.5m-1.6m 2 0
1.6m-1.7m 3 0
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 3 2 0.1 9
1.9m-2m 3 0
2m-2.25m 6 2 0.1 18
2.25m-2.5m 6 0
2.5m-2.75m 2 0
2.75m-3m 3 0
3m-3.5m 4 1 0 24
3.5m-4m 1 0
4m-4.5m 2 1 0.1 12
4.5m-5m 3 0
5.01m-6m 2 0
6.01m-7m 2 0
7.01m-8m 2 1 0.1 12
9.01m-10m 4 0