Absorption Report

60611, Condos/Townhomes

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months
Inventory
5 months
Inventory
> 5 months
Inventory

The absorption rate is the rate at which a home is likely to sell 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 5 months of inventory in their price range, and they are 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.


80% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 11/26 Under Contract
Last 30 days
Absorption Rate Months of Inventory
76k-100k 1 0.2 0
126k-150k 10 4 1.7 0
151k-175k 5 24 3 0.8 1.3
176k-200k 12 32 4 0.4 2.3
201k-225k 21 40 10 0.3 3.2
226k-250k 17 45 6 0.4 2.3
251k-275k 23 42 7 0.3 3.3
276k-300k 17 34 4 0.3 3
301k-325k 17 33 8 0.3 3.1
326k-350k 8 23 4 0.5 2.1
351k-375k 10 18 1 0.3 3.3
376k-400k 25 15 2 0.1 10
401k-425k 18 18 1 0.2 6
426k-450k 26 22 2 0.1 7.1
451k-475k 10 14 3 0.2 4.3
476k-500k 22 14 4 0.1 9.4
501k-550k 20 30 6 0.3 4
551k-600k 24 28 10 0.2 5.1
601k-650k 14 18 4 0.2 4.7
651k-700k 13 15 2 0.2 5.2
701k-750k 24 18 2 0.1 8
751k-800k 14 15 3 0.2 5.6
801k-850k 12 1 1 0 72
851k-900k 19 8 2 0.1 14.3
901k-950k 7 8 2 0.2 5.3
951k-1m 10 8 1 0.1 7.5
1m-1.1m 10 9 1 0.2 6.7
1.1m-1.2m 9 13 6 0.2 4.2
1.2m-1.3m 13 9 3 0.1 8.7
1.3m-1.4m 17 7 4 0.1 14.6
1.4m-1.5m 19 3 2 0 38
1.5m-1.6m 10 8 3 0.1 7.5
1.6m-1.7m 2 5 1 0.4 2.4
1.7m-1.8m 9 2 0 27
1.8m-1.9m 7 4 1 0.1 10.5
1.9m-2m 16 5 2 0.1 19.2
2m-2.25m 10 0
2.25m-2.5m 19 1 0 114
2.5m-2.75m 10 3 1 0.1 20
2.75m-3m 11 3 1 0 22
3m-3.5m 19 3 0 38
3.5m-4m 11 2 1 0 33
4m-4.5m 4 1 0 24
4.5m-5m 1 0
5.01m-6m 6 1 0 36
6.01m-7m 2 0
7.01m-8m 1 0
9.01m-10m 1 0
13.01m-14m 1 0
15.01m-16m 2 0