Absorption Report

Lake Geneva, Edgewood Hills


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 38% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 7 24 4 0.6 1.8
26k-50k 6 60 10 1.7 0.6
51k-75k 9 91 11 1.7 0.6
76k-100k 18 104 10 1 1
101k-125k 54 105 6 0.3 3.1
126k-150k 21 99 6 0.8 1.3
151k-175k 21 136 15 1.1 0.9
176k-200k 22 157 21 1.2 0.8
201k-225k 16 150 12 1.6 0.6
226k-250k 20 136 9 1.1 0.9
251k-275k 13 113 9 1.4 0.7
276k-300k 12 84 12 1.2 0.9
301k-325k 5 46 4 1.5 0.7
326k-350k 7 48 5 1.1 0.9
351k-375k 8 19 4 0.4 2.5
376k-400k 6 8 1 0.2 4.5
401k-425k 2 18 1 1.5 0.7
426k-450k 1 5 1 0.8 1.2
451k-475k 1 7 1.2 0.9
476k-500k 4 7 0.3 3.4
501k-550k 7 1 1.2 0
551k-600k 4 3 0.1 8
601k-650k 2 3 1 0.3 4
651k-700k 1 2 0.3 3
801k-850k 1 0.2 0
851k-900k 1 0
901k-950k 2 0.3 0
1.2m-1.3m 2 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0.2 0

Townhouses 45% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 3 0.5 0
51k-75k 3 0.5 0
76k-100k 3 4 0.2 4.5
101k-125k 3 0.5 0
126k-150k 4 1 0.7 0
151k-175k 2 0.3 0
176k-200k 1 5 1 0.8 1.2
201k-225k 6 2 1 0
226k-250k 2 4 2 0.3 3
251k-275k 2 1 0.3 0
276k-300k 1 1 0.2 0
301k-325k 4 1 0.7 0
326k-350k 1 3 0.5 2
376k-400k 1 2 0.3 3
401k-425k 1 1 1 0.2 6
476k-500k 2 0.3 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 1 0
1.7m-1.8m 1 0.2 0

Condos 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 1 1 0.2 0
26k-50k 6 1 1 0
51k-75k 2 18 2 1.5 0.7
76k-100k 7 22 3 0.5 1.9
101k-125k 3 23 1 1.3 0.8
126k-150k 1 20 1 3.3 0.3
151k-175k 5 15 1 0.5 2
176k-200k 2 11 1 0.9 1.1
201k-225k 4 14 2 0.6 1.7
226k-250k 15 2 2.5 0
251k-275k 1 25 2 4.2 0.2
276k-300k 4 13 1 0.5 1.8
301k-325k 2 10 0.8 1.2
326k-350k 1 16 1 2.7 0.4
351k-375k 9 1 1.5 0
376k-400k 1 7 4 1.2 0.9
401k-425k 2 5 1 0.4 2.4
426k-450k 3 5 0.3 3.6
451k-475k 2 2 0.2 6
476k-500k 3 0.5 0
501k-550k 1 4 0.7 1.5
551k-600k 1 3 0.5 2
601k-650k 1 4 0.7 1.5
651k-700k 1 1 0.2 6
701k-750k 2 2 0.2 6
751k-800k 2 0
851k-900k 1 0.2 0
901k-950k 2 0.3 0
951k-1m 1 0
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0

Land 5% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 14 5 1 0.1 16.8
26k-50k 7 2 0 21
51k-75k 3 2 0.1 9
76k-100k 3 0
126k-150k 2 1 1 0.1 12
176k-200k 2 0
301k-325k 1 0
326k-350k 1 0
751k-800k 1 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
2.25m-2.5m 1 0
4m-4.5m 1 0