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 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
251k-275k 1 0
276k-300k 1 1 0.2 0
301k-325k 1 0.2 0
376k-400k 2 1 0.3 0
401k-425k 2 0.3 0
426k-450k 3 0.5 0
451k-475k 6 2 1 0
476k-500k 4 11 5 0.5 2.2
501k-550k 10 44 12 0.7 1.4
551k-600k 17 51 8 0.5 2
601k-650k 26 74 17 0.5 2.1
651k-700k 46 86 11 0.3 3.2
701k-750k 49 118 29 0.4 2.5
751k-800k 55 103 26 0.3 3.2
801k-850k 55 78 13 0.2 4.2
851k-900k 54 89 17 0.3 3.6
901k-950k 52 78 14 0.3 4
951k-1m 53 72 18 0.2 4.4
1m-1.1m 55 119 27 0.4 2.8
1.1m-1.2m 68 109 28 0.3 3.7
1.2m-1.3m 75 130 25 0.3 3.5
1.3m-1.4m 71 85 21 0.2 5
1.4m-1.5m 53 71 18 0.2 4.5
1.5m-1.6m 48 74 17 0.3 3.9
1.6m-1.7m 49 59 15 0.2 5
1.7m-1.8m 42 59 15 0.2 4.3
1.8m-1.9m 46 53 12 0.2 5.2
1.9m-2m 35 57 15 0.3 3.7
2m-2.25m 58 82 18 0.2 4.2
2.25m-2.5m 71 73 15 0.2 5.8
2.5m-2.75m 34 48 10 0.2 4.3
2.75m-3m 66 53 15 0.1 7.5
3m-3.5m 80 56 16 0.1 8.6
3.5m-4m 96 43 8 0.1 13.4
4m-4.5m 57 26 4 0.1 13.2
4.5m-5m 39 20 5 0.1 11.7
5.01m-6m 65 32 7 0.1 12.2
6.01m-7m 32 17 7 0.1 11.3
7.01m-8m 23 8 2 0.1 17.3
8.01m-9m 13 3 1 0 26
9.01m-10m 6 1 0 36
10.01m-11m 6 1 1 0 36
11.01m-12m 10 5 2 0.1 12
12.01m-13m 4 3 1 0.1 8
13.01m-14m 2 2 0.2 6
14.01m-15m 1 0
17.01m-18m 3 0
18.01m-19m 1 0
19.01m-20m 1 1 0.2 6
21.01m-22m 2 0
22.01m-23m 1 0
24.01m-25m 2 0
28.01m-29m 1 0
32.01m-33m 1 0
47.01m-48m 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
101k-125k 1 1 0.2 6
126k-150k 1 2 0.3 3
151k-175k 1 0
176k-200k 1 7 1 1.2 0.9
201k-225k 9 4 2 0.1 13.5
226k-250k 4 7 5 0.3 3.4
251k-275k 9 12 1 0.2 4.5
276k-300k 14 13 3 0.2 6.5
301k-325k 13 13 4 0.2 6
326k-350k 14 5 0.1 16.8
351k-375k 15 23 6 0.3 3.9
376k-400k 15 16 5 0.2 5.6
401k-425k 7 9 2 0.2 4.7
426k-450k 12 18 3 0.3 4
451k-475k 11 30 7 0.5 2.2
476k-500k 12 26 8 0.4 2.8
501k-550k 41 46 6 0.2 5.3
551k-600k 33 39 8 0.2 5.1
601k-650k 30 37 4 0.2 4.9
651k-700k 24 43 7 0.3 3.3
701k-750k 21 21 5 0.2 6
751k-800k 19 28 7 0.2 4.1
801k-850k 24 21 3 0.1 6.9
851k-900k 18 20 3 0.2 5.4
901k-950k 6 17 5 0.5 2.1
951k-1m 21 18 4 0.1 7
1m-1.1m 11 15 0.2 4.4
1.1m-1.2m 19 7 0.1 16.3
1.2m-1.3m 7 8 3 0.2 5.3
1.3m-1.4m 5 13 4 0.4 2.3
1.4m-1.5m 7 5 0.1 8.4
1.5m-1.6m 9 5 0.1 10.8
1.6m-1.7m 5 5 0.2 6
1.7m-1.8m 9 6 1 0.1 9
1.8m-1.9m 3 1 0.1 18
1.9m-2m 6 3 0.1 12
2m-2.25m 4 2 0.1 12
2.25m-2.5m 6 6 1 0.2 6
2.5m-2.75m 6 3 0.1 12
2.75m-3m 4 1 1 0 24
3m-3.5m 5 2 2 0.1 15
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0

Condos 15% 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 6 2 1 0.1 18
126k-150k 12 4 2 0.1 18
151k-175k 2 1 0.1 12
176k-200k 6 10 2 0.3 3.6
201k-225k 8 12 3 0.3 4
226k-250k 26 30 6 0.2 5.2
251k-275k 24 22 5 0.2 6.5
276k-300k 46 36 6 0.1 7.7
301k-325k 26 30 6 0.2 5.2
326k-350k 34 32 6 0.2 6.4
351k-375k 36 23 5 0.1 9.4
376k-400k 48 33 4 0.1 8.7
401k-425k 25 26 7 0.2 5.8
426k-450k 20 17 3 0.1 7.1
451k-475k 10 4 1 0.1 15
476k-500k 18 11 3 0.1 9.8
501k-550k 10 17 2 0.3 3.5
551k-600k 12 14 3 0.2 5.1
601k-650k 12 11 1 0.2 6.5
651k-700k 17 11 2 0.1 9.3
701k-750k 18 7 2 0.1 15.4
751k-800k 16 10 1 0.1 9.6
801k-850k 4 7 1 0.3 3.4
851k-900k 9 5 1 0.1 10.8
901k-950k 9 3 1 0.1 18
951k-1m 5 4 0.1 7.5
1m-1.1m 6 9 0.3 4
1.1m-1.2m 5 9 0.3 3.3
1.2m-1.3m 7 2 0 21
1.3m-1.4m 4 9 0.4 2.7
1.4m-1.5m 8 7 1 0.1 6.9
1.5m-1.6m 5 6 1 0.2 5
1.6m-1.7m 8 7 0.1 6.9
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 8 6 2 0.1 8
1.9m-2m 6 6 0.2 6
2m-2.25m 8 4 1 0.1 12
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 6 3 0.1 12
2.75m-3m 2 2 1 0.2 6
3m-3.5m 8 6 3 0.1 8
3.5m-4m 5 0
4m-4.5m 2 0
4.5m-5m 1 2 1 0.3 3
5.01m-6m 3 0
6.01m-7m 1 1 1 0.2 6
7.01m-8m 1 0
10.01m-11m 1 0

Land 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
51k-75k 1 0.2 0
76k-100k 1 1 1 0.2 6
101k-125k 6 4 1 0.1 9
126k-150k 12 7 3 0.1 10.3
151k-175k 5 2 0.1 15
176k-200k 3 0.5 0
201k-225k 2 1 1 0.1 12
226k-250k 6 1 1 0 36
251k-275k 2 0
276k-300k 2 0
301k-325k 5 1 1 0 30
326k-350k 2 1 0.1 12
351k-375k 3 0
376k-400k 1 1 1 0.2 6
401k-425k 1 1 1 0.2 6
426k-450k 3 3 1 0.2 6
451k-475k 1 0.2 0
476k-500k 6 2 0.1 18
501k-550k 5 8 1 0.3 3.8
551k-600k 1 3 0.5 2
601k-650k 4 2 1 0.1 12
651k-700k 6 2 1 0
701k-750k 5 4 1 0.1 7.5
751k-800k 5 1 0 30
801k-850k 4 2 1 0.1 12
851k-900k 7 1 0 42
901k-950k 1 2 2 0.3 3
951k-1m 5 1 1 0 30
1m-1.1m 9 1 0 54
1.1m-1.2m 9 1 0 54
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 7 1 0 42
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 4 3 0.7 0
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 4 3 0.1 8
1.9m-2m 4 1 0 24
2m-2.25m 5 4 2 0.1 7.5
2.25m-2.5m 6 0
2.75m-3m 4 1 0 24
3m-3.5m 2 0
3.5m-4m 4 0
4m-4.5m 2 1 1 0.1 12
4.5m-5m 3 0
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 4 0