Absorption Report

Chicago

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.


83% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 12/09 Under Contract
Last 30 days
Absorption Rate Months of Inventory
1k-25k 1 1 0.2 6
26k-50k 3 11 4 0.6 1.6
51k-75k 3 10 2 0.6 1.8
76k-100k 9 17 3 0.3 3.2
101k-125k 12 23 3 0.3 3.1
126k-150k 30 30 6 0.2 6
151k-175k 11 29 4 0.4 2.3
176k-200k 15 23 3 0.3 3.9
201k-225k 12 34 7 0.5 2.1
226k-250k 17 61 15 0.6 1.7
251k-275k 17 51 10 0.5 2
276k-300k 17 33 5 0.3 3.1
301k-325k 16 41 8 0.4 2.3
326k-350k 15 40 12 0.4 2.3
351k-375k 16 25 5 0.3 3.8
376k-400k 8 32 4 0.7 1.5
401k-425k 4 13 2 0.5 1.8
426k-450k 8 16 4 0.3 3
451k-475k 2 14 1 1.2 0.9
476k-500k 7 19 3 0.5 2.2
501k-550k 10 25 4 0.4 2.4
551k-600k 14 13 3 0.2 6.5
601k-650k 4 21 5 0.9 1.1
651k-700k 5 15 4 0.5 2
701k-750k 3 18 4 1 1
751k-800k 6 9 3 0.3 4
801k-850k 2 6 2 0.5 2
851k-900k 3 11 2 0.6 1.6
901k-950k 4 8 2 0.3 3
951k-1m 4 2 1 0.1 12
1m-1.1m 6 12 2 0.3 3
1.1m-1.2m 4 13 1 0.5 1.8
1.2m-1.3m 4 19 1 0.8 1.3
1.3m-1.4m 3 10 0.6 1.8
1.4m-1.5m 3 11 1 0.6 1.6
1.5m-1.6m 2 9 4 0.8 1.3
1.6m-1.7m 7 11 4 0.3 3.8
1.7m-1.8m 4 12 6 0.5 2
1.8m-1.9m 3 3 0.2 6
1.9m-2m 1 5 1 0.8 1.2
2m-2.25m 5 6 1 0.2 5
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 4 3 0.1 8
2.75m-3m 4 5 1 0.2 4.8
3m-3.5m 5 9 2 0.3 3.3
3.5m-4m 6 1 0 36
4m-4.5m 6 0
4.5m-5m 2 0
5.01m-6m 4 0
6.01m-7m 2 0
7.01m-8m 3 0
9.01m-10m 1 0

86% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 12/09 Under Contract
Last 30 days
Absorption Rate Months of Inventory
26k-50k 3 0.5 0
51k-75k 2 6 0.5 2
76k-100k 7 6 1 0.1 7
101k-125k 6 17 4 0.5 2.1
126k-150k 10 29 4 0.5 2.1
151k-175k 8 27 4 0.6 1.8
176k-200k 7 46 10 1.1 0.9
201k-225k 7 30 3 0.7 1.4
226k-250k 5 28 9 0.9 1.1
251k-275k 4 36 8 1.5 0.7
276k-300k 3 33 5 1.8 0.5
301k-325k 1 26 5 4.3 0.2
326k-350k 7 29 5 0.7 1.4
351k-375k 23 3 3.8 0
376k-400k 7 15 1 0.4 2.8
401k-425k 9 21 1 0.4 2.6
426k-450k 4 25 4 1 1
451k-475k 3 21 4 1.2 0.9
476k-500k 6 28 6 0.8 1.3
501k-550k 5 43 13 1.4 0.7
551k-600k 4 44 4 1.8 0.5
601k-650k 8 49 8 1 1
651k-700k 4 40 7 1.7 0.6
701k-750k 6 33 7 0.9 1.1
751k-800k 6 31 2 0.9 1.2
801k-850k 3 13 0.7 1.4
851k-900k 2 15 5 1.3 0.8
901k-950k 8 1.3 0
951k-1m 1 9 1.5 0.7
1m-1.1m 2 3 0.3 4
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 3 0.5 0
1.4m-1.5m 2 0.3 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0

43% of available homes are currently under contract

Lots/Land

List Price Available Sold Since 12/31 Under Contract
Last 30 days
Absorption Rate Months of Inventory
-24,000-0 5 0
1k-25k 80 17 1 0 28.2
26k-50k 64 4 0 96
51k-75k 15 4 2 0 22.5
76k-100k 11 3 0 22
101k-125k 4 2 0.1 12
126k-150k 9 2 0 27
151k-175k 1 1 0.2 6
176k-200k 3 3 2 0.2 6
201k-225k 4 2 0.1 12
226k-250k 2 0
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0
376k-400k 2 0
426k-450k 1 0
501k-550k 3 0
551k-600k 1 0
751k-800k 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0