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 27% 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 7 7 2 0.2 6
26k-50k 14 30 11 0.4 2.8
51k-75k 7 43 8 1 1
76k-100k 15 47 8 0.5 1.9
101k-125k 30 68 13 0.4 2.6
126k-150k 75 89 27 0.2 5.1
151k-175k 43 85 9 0.3 3
176k-200k 37 97 3 0.4 2.3
201k-225k 24 130 18 0.9 1.1
226k-250k 42 180 21 0.7 1.4
251k-275k 20 144 9 1.2 0.8
276k-300k 23 101 11 0.7 1.4
301k-325k 15 95 4 1.1 0.9
326k-350k 11 57 5 0.9 1.2
351k-375k 5 47 3 1.6 0.6
376k-400k 8 25 3 0.5 1.9
401k-425k 3 25 2 1.4 0.7
426k-450k 2 14 1 1.2 0.9
451k-475k 3 6 0.3 3
476k-500k 1 5 1 0.8 1.2
501k-550k 4 6 1 0.3 4
551k-600k 2 8 2 0.7 1.5
601k-650k 1 5 0.8 1.2
651k-700k 1 3 0.5 2
701k-750k 1 0.2 0
751k-800k 2 1 0.1 12
801k-850k 1 0
851k-900k 3 0.5 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.7m-1.8m 1 0
2.75m-3m 2 0
3.5m-4m 1 0
4.5m-5m 1 0

Townhouses 29% 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 1 0.2 0
51k-75k 6 3 1 0
76k-100k 1 6 1 1 1
101k-125k 3 0.5 0
126k-150k 1 3 0.5 2
151k-175k 3 3 0.2 6
176k-200k 1 3 1 0.5 2
201k-225k 2 0.3 0
226k-250k 3 1 0.5 0
251k-275k 1 4 0.7 1.5
276k-300k 2 0.3 0
301k-325k 1 0.2 0
326k-350k 1 3 1 0.5 2
351k-375k 2 0
376k-400k 2 0.3 0
401k-425k 1 0.2 0
426k-450k 2 1 0.1 12
451k-475k 1 4 0.7 1.5
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 2 0.3 0
601k-650k 2 0.3 0
651k-700k 1 0
751k-800k 1 0
1.7m-1.8m 1 1 0.2 0

Condos 11% 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 1 1 1 0.2 6
51k-75k 5 11 0.4 2.7
76k-100k 8 19 1 0.4 2.5
101k-125k 11 13 5 0.2 5.1
126k-150k 2 19 4 1.6 0.6
151k-175k 7 19 1 0.5 2.2
176k-200k 3 11 0.6 1.6
201k-225k 6 16 0.4 2.3
226k-250k 22 17 1 0.1 7.8
251k-275k 8 19 0.4 2.5
276k-300k 17 12 0.1 8.5
301k-325k 5 5 0.2 6
326k-350k 7 7 2 0.2 6
351k-375k 8 6 0.1 8
376k-400k 5 9 1 0.3 3.3
401k-425k 3 6 0.3 3
426k-450k 2 2 0.2 6
451k-475k 2 4 0.3 3
476k-500k 4 2 0.1 12
501k-550k 2 2 0.2 6
551k-600k 6 3 0.1 12
651k-700k 1 2 0.3 3
701k-750k 1 2 0.3 3
751k-800k 2 5 0.4 2.4
801k-850k 4 1 0.7 0
851k-900k 3 0.5 0
901k-950k 1 1 0.2 6
951k-1m 1 0.2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 2 2 1 0.2 6
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Land 15% 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 48 8 3 0 36
26k-50k 10 5 0.1 12
51k-75k 2 3 1 0.3 4
76k-100k 1 2 0.3 3
126k-150k 2 1 0.1 12
151k-175k 1 0.2 0
176k-200k 4 0
276k-300k 1 0
326k-350k 2 0