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 26% 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 11 24 6 0.4 2.8
26k-50k 19 53 8 0.5 2.2
51k-75k 20 100 10 0.8 1.2
76k-100k 28 116 12 0.7 1.4
101k-125k 44 118 7 0.4 2.2
126k-150k 33 120 12 0.6 1.7
151k-175k 27 119 8 0.7 1.4
176k-200k 29 127 13 0.7 1.4
201k-225k 18 134 11 1.2 0.8
226k-250k 12 150 15 2.1 0.5
251k-275k 9 92 4 1.7 0.6
276k-300k 11 61 5 0.9 1.1
301k-325k 5 47 2 1.6 0.6
326k-350k 8 28 1 0.6 1.7
351k-375k 3 9 0.5 2
376k-400k 2 9 0.8 1.3
401k-425k 4 11 0.5 2.2
426k-450k 1 4 2 0.7 1.5
451k-475k 2 5 1 0.4 2.4
476k-500k 2 6 0.5 2
501k-550k 2 8 2 0.7 1.5
551k-600k 1 2 0.3 3
601k-650k 1 1 0.2 6
651k-700k 2 0
701k-750k 2 0.3 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 2 2 0.2 6
901k-950k 3 1 0.5 0
1m-1.1m 2 0.3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 1 0.2 0
1.9m-2m 1 0

Townhouses 41% 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 0.2 0
26k-50k 1 1 0.2 6
51k-75k 4 1 0.7 0
76k-100k 1 5 0.8 1.2
101k-125k 4 2 0.7 0
126k-150k 1 1 0.2 6
151k-175k 2 1 0.3 0
176k-200k 1 3 1 0.5 2
201k-225k 4 0.7 0
226k-250k 2 5 0.4 2.4
251k-275k 1 0
276k-300k 2 0.3 0
301k-325k 4 2 0.7 0
326k-350k 2 0.3 0
401k-425k 1 0
476k-500k 2 0.3 0
601k-650k 1 0
701k-750k 1 2 0.3 3
1.3m-1.4m 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 7 1 1.2 0
51k-75k 1 21 1 3.5 0.3
76k-100k 8 21 1 0.4 2.3
101k-125k 5 22 1 0.7 1.4
126k-150k 18 1 3 0
151k-175k 2 13 1 1.1 0.9
176k-200k 6 7 0.2 5.1
201k-225k 1 13 1 2.2 0.5
226k-250k 1 17 5 2.8 0.4
251k-275k 4 15 1 0.6 1.6
276k-300k 3 10 1 0.6 1.8
301k-325k 8 1.3 0
326k-350k 1 14 1 2.3 0.4
351k-375k 8 1.3 0
376k-400k 2 4 0.3 3
401k-425k 4 0.7 0
426k-450k 1 6 1 1 1
451k-475k 1 2 0.3 3
476k-500k 1 4 0.7 1.5
501k-550k 1 6 1 1
551k-600k 1 0.2 0
601k-650k 1 2 0.3 3
651k-700k 1 0.2 0
701k-750k 1 1 0.2 6
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 1 2 0.3 3
901k-950k 1 0.2 0
951k-1m 2 1 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 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 2 4 0.3 3
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 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 8 6 0.1 8
26k-50k 8 2 0 24
51k-75k 4 2 0.1 12
76k-100k 2 0
126k-150k 1 0
176k-200k 1 0
301k-325k 1 0
326k-350k 1 0
901k-950k 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