Absorption Report

Chicago, Lake View

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.


NAN% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 11/16 Under Contract
Last 30 days
Absorption Rate Months of Inventory
751k-800k 1 0.2 0
851k-900k 1 0.2 0
951k-1m 1 0.2 0
1m-1.1m 3 0.5 0
1.3m-1.4m 2 0.3 0
1.4m-1.5m 5 0.8 0
1.5m-1.6m 4 0.7 0
1.6m-1.7m 3 0.5 0
1.7m-1.8m 3 0.5 0
1.9m-2m 1 0.2 0
2m-2.25m 3 0.5 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 2 0.3 0
2.75m-3m 2 0.3 0
3m-3.5m 1 0.2 0

NAN% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 11/16 Under Contract
Last 30 days
Absorption Rate Months of Inventory
101k-125k 1 0.2 0
126k-150k 11 1.8 0
151k-175k 20 1 3.3 0
176k-200k 23 1 3.8 0
201k-225k 24 4 0
226k-250k 22 1 3.7 0
251k-275k 19 3.2 0
276k-300k 28 2 4.7 0
301k-325k 29 1 4.8 0
326k-350k 21 1 3.5 0
351k-375k 18 1 3 0
376k-400k 20 1 3.3 0
401k-425k 7 1.2 0
426k-450k 8 1.3 0
451k-475k 16 2.7 0
476k-500k 12 1 2 0
501k-550k 33 1 5.5 0
551k-600k 23 3.8 0
601k-650k 23 3.8 0
651k-700k 21 1 3.5 0
701k-750k 17 2.8 0
751k-800k 21 3.5 0
801k-850k 12 2 0
851k-900k 8 1.3 0
901k-950k 1 0.2 0
951k-1m 3 0.5 0
1m-1.1m 5 0.8 0
1.1m-1.2m 5 0.8 0
1.2m-1.3m 4 0.7 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0.2 0
2m-2.25m 1 0.2 0

NAN% 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
651k-700k 1 0.2 0
751k-800k 1 0.2 0
801k-850k 1 0.2 0
851k-900k 3 0.5 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0.2 0