Absorption Report

Milwaukee, WI, House

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 17% 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
1k-25k 2 12 1 1 1
26k-50k 3 29 2 1.6 0.6
51k-75k 9 52 8 1 1
76k-100k 33 66 7 0.3 3
101k-125k 53 77 7 0.2 4.1
126k-150k 40 96 14 0.4 2.5
151k-175k 27 114 7 0.7 1.4
176k-200k 39 141 10 0.6 1.7
201k-225k 29 151 4 0.9 1.2
226k-250k 42 194 7 0.8 1.3
251k-275k 34 170 10 0.8 1.2
276k-300k 30 113 7 0.6 1.6
301k-325k 14 73 3 0.9 1.2
326k-350k 6 56 3 1.6 0.6
351k-375k 4 29 1 1.2 0.8
376k-400k 4 18 2 0.8 1.3
401k-425k 3 20 1.1 0.9
426k-450k 4 9 0.4 2.7
451k-475k 3 11 0.6 1.6
476k-500k 4 2 0.1 12
501k-550k 1 4 0.7 1.5
551k-600k 4 1 0 24
601k-650k 2 0.3 0
651k-700k 2 1 0.1 12
701k-750k 2 0.3 0
801k-850k 2 0.3 0
851k-900k 1 0.2 0
901k-950k 2 0.3 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0.2 0
1.4m-1.5m 1 0
1.9m-2m 1 0