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 19% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 3 6 0.3 3
26k-50k 5 22 4 0.7 1.4
51k-75k 14 54 8 0.6 1.6
76k-100k 21 61 6 0.5 2.1
101k-125k 43 70 8 0.3 3.7
126k-150k 48 73 13 0.3 3.9
151k-175k 50 98 11 0.3 3.1
176k-200k 40 133 2 0.6 1.8
201k-225k 39 124 7 0.5 1.9
226k-250k 50 202 18 0.7 1.5
251k-275k 43 158 13 0.6 1.6
276k-300k 30 132 7 0.7 1.4
301k-325k 14 119 5 1.4 0.7
326k-350k 11 77 4 1.2 0.9
351k-375k 7 39 2 0.9 1.1
376k-400k 12 40 6 0.6 1.8
401k-425k 8 25 4 0.5 1.9
426k-450k 5 17 0.6 1.8
451k-475k 1 16 2.7 0.4
476k-500k 3 11 0.6 1.6
501k-550k 2 13 1.1 0.9
551k-600k 1 6 1 1
601k-650k 3 0.5 0
651k-700k 3 0
701k-750k 2 2 0.2 6
751k-800k 3 0.5 0
801k-850k 2 0.3 0
851k-900k 1 0.2 0
901k-950k 1 1 0.2 0
951k-1m 3 0.5 0
1m-1.1m 2 2 0.2 6
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0
1.6m-1.7m 1 0.2 0
1.9m-2m 1 0
4m-4.5m 1 0
4.5m-5m 1 0

Townhouses 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
51k-75k 2 7 0.6 1.7
76k-100k 2 0.3 0
101k-125k 1 4 0.7 1.5
126k-150k 3 3 0.2 6
151k-175k 1 0
176k-200k 1 2 0.3 3
201k-225k 1 3 0.5 2
226k-250k 9 1 1.5 0
251k-275k 9 1 1.5 0
276k-300k 4 1 0.7 0
301k-325k 2 0.3 0
326k-350k 1 1 0.2 6
351k-375k 1 4 0.7 1.5
376k-400k 1 0.2 0
401k-425k 4 0.7 0
426k-450k 1 0.2 0
451k-475k 2 1 0.3 0
476k-500k 1 1 0.2 6
601k-650k 2 0.3 0
701k-750k 3 0.5 0

Condos 6% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 0.3 0
51k-75k 5 16 0.5 1.9
76k-100k 15 25 1 0.3 3.6
101k-125k 10 26 1 0.4 2.3
126k-150k 4 26 1 1.1 0.9
151k-175k 7 19 2 0.5 2.2
176k-200k 8 15 2 0.3 3.2
201k-225k 14 22 2 0.3 3.8
226k-250k 17 21 2 0.2 4.9
251k-275k 11 12 0.2 5.5
276k-300k 12 8 0.1 9
301k-325k 5 9 0.3 3.3
326k-350k 12 10 0.1 7.2
351k-375k 4 6 1 0.3 4
376k-400k 12 5 0.1 14.4
401k-425k 5 8 0.3 3.8
426k-450k 7 6 1 0.1 7
451k-475k 5 3 0.1 10
476k-500k 4 4 0.2 6
501k-550k 1 6 1 1
551k-600k 3 7 1 0.4 2.6
601k-650k 1 0.2 0
651k-700k 2 2 0.2 6
701k-750k 1 4 0.7 1.5
751k-800k 2 5 1 0.4 2.4
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 6
901k-950k 2 2 1 0.2 6
951k-1m 2 0.3 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 3 0.3 4
1.3m-1.4m 4 0.7 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Land 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 43 8 2 0 32.3
26k-50k 10 9 1 0.2 6.7
51k-75k 4 2 0.1 12
76k-100k 5 0
101k-125k 2 0
151k-175k 1 0.2 0
176k-200k 3 0
326k-350k 1 0
376k-400k 2 0
1.3m-1.4m 1 0