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 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
251k-275k 1 0.2 0
276k-300k 1 0.2 0
326k-350k 1 0.2 0
376k-400k 2 0.3 0
401k-425k 3 0.5 0
426k-450k 1 2 1 0.3 3
451k-475k 6 1 1 0
476k-500k 5 9 2 0.3 3.3
501k-550k 13 39 7 0.5 2
551k-600k 19 58 15 0.5 2
601k-650k 28 72 17 0.4 2.3
651k-700k 46 81 13 0.3 3.4
701k-750k 49 104 10 0.4 2.8
751k-800k 56 90 20 0.3 3.7
801k-850k 42 106 17 0.4 2.4
851k-900k 55 77 9 0.2 4.3
901k-950k 33 85 12 0.4 2.3
951k-1m 46 73 12 0.3 3.8
1m-1.1m 49 121 14 0.4 2.4
1.1m-1.2m 55 122 22 0.4 2.7
1.2m-1.3m 56 107 15 0.3 3.1
1.3m-1.4m 40 80 16 0.3 3
1.4m-1.5m 29 82 10 0.5 2.1
1.5m-1.6m 25 97 17 0.6 1.5
1.6m-1.7m 40 62 8 0.3 3.9
1.7m-1.8m 29 68 15 0.4 2.6
1.8m-1.9m 29 42 9 0.2 4.1
1.9m-2m 32 42 4 0.2 4.6
2m-2.25m 46 76 11 0.3 3.6
2.25m-2.5m 59 65 5 0.2 5.4
2.5m-2.75m 35 37 2 0.2 5.7
2.75m-3m 45 36 8 0.1 7.5
3m-3.5m 56 45 3 0.1 7.5
3.5m-4m 47 38 3 0.1 7.4
4m-4.5m 39 20 3 0.1 11.7
4.5m-5m 32 22 2 0.1 8.7
5.01m-6m 30 26 4 0.1 6.9
6.01m-7m 18 9 0.1 12
7.01m-8m 10 10 1 0.2 6
8.01m-9m 7 3 0.1 14
9.01m-10m 4 0
10.01m-11m 2 1 0.1 12
11.01m-12m 3 2 0.1 9
12.01m-13m 2 0
13.01m-14m 2 0
14.01m-15m 3 1 0.1 18
18.01m-19m 1 0
21.01m-22m 1 0
23.01m-24m 1 0
24.01m-25m 1 1 0.2 6

Townhouses 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 0.2 0
126k-150k 1 0.2 0
151k-175k 2 5 0.4 2.4
176k-200k 2 3 1 0.3 4
201k-225k 4 4 0.2 6
226k-250k 2 7 1 0.6 1.7
251k-275k 4 8 3 0.3 3
276k-300k 13 13 2 0.2 6
301k-325k 10 7 2 0.1 8.6
326k-350k 13 17 4 0.2 4.6
351k-375k 14 20 1 0.2 4.2
376k-400k 12 19 2 0.3 3.8
401k-425k 6 17 2 0.5 2.1
426k-450k 7 35 6 0.8 1.2
451k-475k 13 32 2 0.4 2.4
476k-500k 9 38 10 0.7 1.4
501k-550k 22 52 6 0.4 2.5
551k-600k 28 50 7 0.3 3.4
601k-650k 17 44 7 0.4 2.3
651k-700k 16 37 4 0.4 2.6
701k-750k 17 34 6 0.3 3
751k-800k 16 30 5 0.3 3.2
801k-850k 8 26 5 0.5 1.8
851k-900k 10 28 3 0.5 2.1
901k-950k 6 13 2 0.4 2.8
951k-1m 9 11 3 0.2 4.9
1m-1.1m 10 14 2 0.2 4.3
1.1m-1.2m 5 10 0.3 3
1.2m-1.3m 5 10 0.3 3
1.3m-1.4m 2 7 0.6 1.7
1.4m-1.5m 5 2 0.1 15
1.5m-1.6m 2 5 0.4 2.4
1.6m-1.7m 3 3 0.2 6
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 2 4 0.3 3
1.9m-2m 3 3 0.2 6
2m-2.25m 3 4 0.2 4.5
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 4 2 0.1 12
2.75m-3m 2 2 0.2 6
3.5m-4m 2 2 0.2 6
4m-4.5m 3 0

Condos 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 1 0.2 6
101k-125k 4 2 1 0.1 12
126k-150k 11 4 0.1 16.5
151k-175k 5 0
176k-200k 3 8 1 0.4 2.3
201k-225k 9 12 1 0.2 4.5
226k-250k 20 28 2 0.2 4.3
251k-275k 23 38 6 0.3 3.6
276k-300k 36 41 4 0.2 5.3
301k-325k 29 30 4 0.2 5.8
326k-350k 25 30 5 0.2 5
351k-375k 29 39 4 0.2 4.5
376k-400k 36 42 9 0.2 5.1
401k-425k 19 38 6 0.3 3
426k-450k 24 22 4 0.2 6.5
451k-475k 16 19 3 0.2 5.1
476k-500k 8 12 0.3 4
501k-550k 10 12 0.2 5
551k-600k 7 12 1 0.3 3.5
601k-650k 15 10 3 0.1 9
651k-700k 12 6 0.1 12
701k-750k 9 9 3 0.2 6
751k-800k 8 7 1 0.1 6.9
801k-850k 5 6 0.2 5
851k-900k 8 4 1 0.1 12
901k-950k 6 6 1 0.2 6
951k-1m 7 2 0 21
1m-1.1m 3 1 0.1 18
1.1m-1.2m 5 3 1 0.1 10
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 3 3 1 0.2 6
1.4m-1.5m 1 5 2 0.8 1.2
1.5m-1.6m 4 3 0.1 8
1.6m-1.7m 6 6 3 0.2 6
1.7m-1.8m 2 6 1 0.5 2
1.8m-1.9m 5 2 0.1 15
1.9m-2m 3 1 0.1 18
2m-2.25m 5 4 0.1 7.5
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 2 1 0.1 12
2.75m-3m 3 7 1 0.4 2.6
3m-3.5m 8 3 0.1 16
3.5m-4m 4 1 0 24
4m-4.5m 1 3 0.5 2
4.5m-5m 1 0
5.01m-6m 3 0
6.01m-7m 1 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 1 0.5 2
76k-100k 3 2 1 0.1 9
101k-125k 13 1 0 78
126k-150k 14 1 0 84
151k-175k 4 2 0.1 12
176k-200k 2 3 0.3 4
201k-225k 4 4 0.2 6
226k-250k 4 3 2 0.1 8
251k-275k 1 3 0.5 2
276k-300k 2 3 0.3 4
301k-325k 2 2 0.2 6
326k-350k 2 1 1 0.1 12
351k-375k 1 0.2 0
376k-400k 5 2 0.1 15
401k-425k 2 2 0.2 6
426k-450k 1 4 0.7 1.5
451k-475k 1 3 0.5 2
476k-500k 3 2 1 0.1 9
501k-550k 9 5 1 0.1 10.8
551k-600k 5 2 1 0.1 15
601k-650k 5 4 1 0.1 7.5
651k-700k 2 3 1 0.3 4
701k-750k 5 2 0.1 15
751k-800k 9 0
801k-850k 6 1 0 36
851k-900k 6 2 0.1 18
901k-950k 2 0
951k-1m 6 1 0 36
1m-1.1m 4 2 0.1 12
1.1m-1.2m 8 2 0 24
1.2m-1.3m 8 1 0 48
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 10 5 0.1 12
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 1 0
1.9m-2m 5 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 4 0
2.5m-2.75m 2 0
2.75m-3m 3 0
3m-3.5m 1 2 0.3 3
3.5m-4m 2 1 0.1 12
4m-4.5m 1 1 0.2 6
4.5m-5m 4 0
5.01m-6m 2 0
6.01m-7m 2 0
7.01m-8m 2 1 0.1 12
9.01m-10m 5 0