Supply & Demand in Milwaukee, WI

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 34% 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 10 22 3 0.4 2.7
26k-50k 14 60 14 0.7 1.4
51k-75k 13 97 16 1.2 0.8
76k-100k 20 106 14 0.9 1.1
101k-125k 49 123 8 0.4 2.4
126k-150k 28 112 12 0.7 1.5
151k-175k 30 120 14 0.7 1.5
176k-200k 25 139 11 0.9 1.1
201k-225k 16 139 10 1.4 0.7
226k-250k 23 156 18 1.1 0.9
251k-275k 13 104 7 1.3 0.8
276k-300k 12 67 9 0.9 1.1
301k-325k 3 50 8 2.8 0.4
326k-350k 7 33 3 0.8 1.3
351k-375k 4 14 2 0.6 1.7
376k-400k 4 8 1 0.3 3
401k-425k 1 16 3 2.7 0.4
426k-450k 1 6 2 1 1
451k-475k 1 4 1 0.7 1.5
476k-500k 3 7 0.4 2.6
501k-550k 2 8 0.7 1.5
551k-600k 2 0.3 0
601k-650k 1 2 1 0.3 3
651k-700k 1 1 0.2 6
701k-750k 1 0.2 0
751k-800k 1 1 0.2 0
801k-850k 1 0
901k-950k 2 0.3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.9m-2m 1 0.2 0

Townhouses 56% 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 1 0.5 0
51k-75k 3 0.5 0
76k-100k 6 1 1 0
101k-125k 4 1 0.7 0
126k-150k 1 3 2 0.5 2
151k-175k 2 0.3 0
176k-200k 1 3 1 0.5 2
201k-225k 4 0.7 0
226k-250k 2 4 0.3 3
251k-275k 1 1 0.2 0
276k-300k 2 0.3 0
301k-325k 5 1 0.8 0
326k-350k 2 0.3 0
376k-400k 1 0.2 0
401k-425k 1 0
476k-500k 2 0.3 0
601k-650k 1 1 1 0.2 6
701k-750k 1 1 0.2 6
1.7m-1.8m 1 0.2 0

Condos 20% 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 2 6 0.5 2
51k-75k 2 18 2 1.5 0.7
76k-100k 7 25 3 0.6 1.7
101k-125k 1 23 3 3.8 0.3
126k-150k 4 19 0.8 1.3
151k-175k 2 14 1.2 0.9
176k-200k 6 9 1 0.3 4
201k-225k 3 14 0.8 1.3
226k-250k 3 19 1 1.1 0.9
251k-275k 19 6 3.2 0
276k-300k 2 8 1 0.7 1.5
301k-325k 12 1 2 0
326k-350k 3 18 1 1 1
351k-375k 1 7 1 1.2 0.9
376k-400k 4 1 0.7 0
401k-425k 4 1 0.7 0
426k-450k 3 5 0.3 3.6
451k-475k 1 2 1 0.3 3
476k-500k 1 2 0.3 3
501k-550k 1 6 1 1 1
551k-600k 2 0.3 0
601k-650k 1 1 0.2 6
651k-700k 1 1 0.2 6
701k-750k 2 1 0.3 0
751k-800k 2 0
851k-900k 1 0.2 0
901k-950k 2 0.3 0
1m-1.1m 2 0.3 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 0
1.5m-1.6m 2 3 0.3 4
1.8m-1.9m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0

Land 0% 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 15 5 0.1 18
26k-50k 8 2 0 24
51k-75k 3 2 0.1 9
76k-100k 3 0
126k-150k 2 0
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