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 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
376k-400k 1 0.2 0
401k-425k 3 0.5 0
426k-450k 3 0.5 0
451k-475k 6 1 0
476k-500k 1 8 1 1.3 0.8
501k-550k 14 41 7 0.5 2
551k-600k 20 56 5 0.5 2.1
601k-650k 27 71 13 0.4 2.3
651k-700k 46 83 13 0.3 3.3
701k-750k 50 105 13 0.4 2.9
751k-800k 64 98 9 0.3 3.9
801k-850k 48 92 10 0.3 3.1
851k-900k 47 79 10 0.3 3.6
901k-950k 47 75 11 0.3 3.8
951k-1m 59 64 10 0.2 5.5
1m-1.1m 47 109 13 0.4 2.6
1.1m-1.2m 69 98 9 0.2 4.2
1.2m-1.3m 68 124 18 0.3 3.3
1.3m-1.4m 53 70 8 0.2 4.5
1.4m-1.5m 42 60 14 0.2 4.2
1.5m-1.6m 46 70 13 0.3 3.9
1.6m-1.7m 44 57 3 0.2 4.6
1.7m-1.8m 49 63 8 0.2 4.7
1.8m-1.9m 31 42 7 0.2 4.4
1.9m-2m 33 49 12 0.2 4
2m-2.25m 68 74 9 0.2 5.5
2.25m-2.5m 58 64 12 0.2 5.4
2.5m-2.75m 31 38 3 0.2 4.9
2.75m-3m 52 44 9 0.1 7.1
3m-3.5m 71 48 5 0.1 8.9
3.5m-4m 75 37 12 0.1 12.2
4m-4.5m 51 22 1 0.1 13.9
4.5m-5m 49 15 4 0.1 19.6
5.01m-6m 56 26 5 0.1 12.9
6.01m-7m 29 7 2 0 24.9
7.01m-8m 19 7 3 0.1 16.3
8.01m-9m 12 2 0 36
9.01m-10m 7 1 0 42
10.01m-11m 3 0
11.01m-12m 11 2 0 33
12.01m-13m 5 2 1 0.1 15
13.01m-14m 2 2 1 0.2 6
14.01m-15m 2 0
17.01m-18m 1 0
18.01m-19m 2 0
19.01m-20m 1 0.2 0
21.01m-22m 2 0
22.01m-23m 1 0
24.01m-25m 3 0
32.01m-33m 1 0
47.01m-48m 1 0

Townhouses 8% 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
101k-125k 1 0.2 0
126k-150k 2 2 0.3 0
151k-175k 1 0
176k-200k 1 7 1.2 0.9
201k-225k 6 2 0.1 18
226k-250k 4 5 1 0.2 4.8
251k-275k 7 12 2 0.3 3.5
276k-300k 10 15 4 0.3 4
301k-325k 12 10 2 0.1 7.2
326k-350k 14 11 0.1 7.6
351k-375k 13 17 1 0.2 4.6
376k-400k 15 16 4 0.2 5.6
401k-425k 11 9 2 0.1 7.3
426k-450k 8 21 2 0.4 2.3
451k-475k 11 22 2 0.3 3
476k-500k 20 26 4 0.2 4.6
501k-550k 30 48 9 0.3 3.8
551k-600k 31 43 4 0.2 4.3
601k-650k 27 42 6 0.3 3.9
651k-700k 21 37 6 0.3 3.4
701k-750k 15 22 5 0.2 4.1
751k-800k 13 22 3 0.3 3.5
801k-850k 19 24 5 0.2 4.8
851k-900k 27 18 1 0.1 9
901k-950k 9 11 3 0.2 4.9
951k-1m 12 13 3 0.2 5.5
1m-1.1m 11 14 4 0.2 4.7
1.1m-1.2m 17 8 2 0.1 12.8
1.2m-1.3m 11 4 0.1 16.5
1.3m-1.4m 12 6 2 0.1 12
1.4m-1.5m 5 6 1 0.2 5
1.5m-1.6m 6 4 3 0.1 9
1.6m-1.7m 7 4 1 0.1 10.5
1.7m-1.8m 7 6 1 0.1 7
1.8m-1.9m 4 0
1.9m-2m 4 3 2 0.1 8
2m-2.25m 2 3 0.3 4
2.25m-2.5m 4 5 2 0.2 4.8
2.5m-2.75m 7 3 0.1 14
2.75m-3m 2 1 0.1 12
3m-3.5m 4 0
3.5m-4m 3 1 0.1 18
4m-4.5m 1 0

Condos 16% 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 4 0.7 0
101k-125k 4 2 0.1 12
126k-150k 12 3 1 0 24
151k-175k 3 1 0.1 18
176k-200k 3 10 3 0.6 1.8
201k-225k 12 10 2 0.1 7.2
226k-250k 25 27 6 0.2 5.6
251k-275k 26 23 4 0.1 6.8
276k-300k 44 34 2 0.1 7.8
301k-325k 25 25 8 0.2 6
326k-350k 30 32 5 0.2 5.6
351k-375k 27 25 6 0.2 6.5
376k-400k 40 37 5 0.2 6.5
401k-425k 27 24 3 0.1 6.8
426k-450k 24 15 2 0.1 9.6
451k-475k 12 9 0.1 8
476k-500k 11 10 0.2 6.6
501k-550k 13 15 2 0.2 5.2
551k-600k 10 10 5 0.2 6
601k-650k 10 13 2 0.2 4.6
651k-700k 14 10 2 0.1 8.4
701k-750k 17 8 2 0.1 12.8
751k-800k 14 9 1 0.1 9.3
801k-850k 6 7 2 0.2 5.1
851k-900k 5 3 0.1 10
901k-950k 7 3 0.1 14
951k-1m 7 5 0.1 8.4
1m-1.1m 6 9 1 0.3 4
1.1m-1.2m 8 8 1 0.2 6
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 2 12 1 1
1.4m-1.5m 8 9 0.2 5.3
1.5m-1.6m 8 5 0.1 9.6
1.6m-1.7m 10 9 0.2 6.7
1.7m-1.8m 7 4 0.1 10.5
1.8m-1.9m 5 4 0.1 7.5
1.9m-2m 5 6 0.2 5
2m-2.25m 7 4 0.1 10.5
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 2 3 2 0.3 4
2.75m-3m 4 3 0.1 8
3m-3.5m 12 2 1 0 36
3.5m-4m 5 0
4m-4.5m 1 0
4.5m-5m 1 0.2 0
5.01m-6m 3 0
6.01m-7m 2 0
7.01m-8m 1 0
10.01m-11m 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 1 0.3 0
76k-100k 3 1 0.1 18
101k-125k 4 2 0.1 12
126k-150k 14 2 0 42
151k-175k 4 4 3 0.2 6
176k-200k 4 0.7 0
201k-225k 2 0
226k-250k 5 2 0.1 15
251k-275k 1 0
276k-300k 2 0.3 0
301k-325k 4 0
326k-350k 3 0
351k-375k 5 2 1 0.1 15
376k-400k 4 2 0.1 12
401k-425k 1 0.2 0
426k-450k 2 3 0.3 4
451k-475k 1 1 0.2 6
476k-500k 6 3 0.1 12
501k-550k 5 8 0.3 3.8
551k-600k 2 3 0.3 4
601k-650k 6 2 0.1 18
651k-700k 1 5 2 0.8 1.2
701k-750k 4 3 0.1 8
751k-800k 5 1 0 30
801k-850k 4 1 0 24
851k-900k 6 3 3 0.1 12
901k-950k 2 0
951k-1m 6 0
1m-1.1m 9 0
1.1m-1.2m 7 2 0 21
1.2m-1.3m 7 2 0 21
1.3m-1.4m 4 1 0 24
1.4m-1.5m 7 1 1 0 42
1.5m-1.6m 2 2 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 3 3 3 0.2 6
1.9m-2m 3 0
2m-2.25m 6 2 0.1 18
2.25m-2.5m 5 0
2.75m-3m 3 1 0.1 18
3m-3.5m 3 0
3.5m-4m 3 0
4m-4.5m 4 0
4.5m-5m 3 0
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 4 0