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 17% 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 4 6 1 0.3 4
26k-50k 12 17 1 0.2 4.2
51k-75k 17 41 8 0.4 2.5
76k-100k 33 62 9 0.3 3.2
101k-125k 37 72 8 0.3 3.1
126k-150k 31 95 8 0.5 2
151k-175k 38 111 9 0.5 2.1
176k-200k 32 139 7 0.7 1.4
201k-225k 27 156 13 1 1
226k-250k 42 196 9 0.8 1.3
251k-275k 26 179 10 1.1 0.9
276k-300k 40 155 7 0.6 1.5
301k-325k 7 108 2 2.6 0.4
326k-350k 19 79 5 0.7 1.4
351k-375k 8 52 3 1.1 0.9
376k-400k 16 42 3 0.4 2.3
401k-425k 7 34 0.8 1.2
426k-450k 8 15 1 0.3 3.2
451k-475k 2 17 2 1.4 0.7
476k-500k 5 14 0.5 2.1
501k-550k 2 10 0.8 1.2
551k-600k 3 7 1 0.4 2.6
601k-650k 4 1 0.7 0
651k-700k 1 4 0.7 1.5
701k-750k 1 2 0.3 3
751k-800k 4 0.7 0
801k-850k 1 3 0.5 2
851k-900k 1 0.2 0
901k-950k 1 0.2 0
951k-1m 2 0.3 0
1m-1.1m 3 0.5 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.9m-2m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0

Townhouses 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
51k-75k 5 0.8 0
76k-100k 2 0
101k-125k 2 5 1 0.4 2.4
126k-150k 3 0.5 0
151k-175k 1 0.2 0
176k-200k 1 3 0.5 2
201k-225k 8 1.3 0
226k-250k 10 1.7 0
251k-275k 6 1 0
276k-300k 1 2 0.3 3
301k-325k 3 0.5 0
326k-350k 1 0
351k-375k 5 0.8 0
376k-400k 1 1 0.2 6
401k-425k 2 0.3 0
426k-450k 2 2 0.2 6
451k-475k 2 0.3 0
476k-500k 3 1 0.1 18
501k-550k 1 3 0.5 2
601k-650k 2 0.3 0
701k-750k 1 2 0.3 3
901k-950k 1 0
1.1m-1.2m 1 0

Condos 10% 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 3 1 0.5 0
51k-75k 4 9 2 0.4 2.7
76k-100k 8 32 3 0.7 1.5
101k-125k 7 33 3 0.8 1.3
126k-150k 2 30 1 2.5 0.4
151k-175k 8 19 2 0.4 2.5
176k-200k 11 21 0.3 3.1
201k-225k 4 17 2 0.7 1.4
226k-250k 15 16 2 0.2 5.6
251k-275k 7 23 1 0.5 1.8
276k-300k 15 12 0.1 7.5
301k-325k 6 18 1 0.5 2
326k-350k 10 8 0.1 7.5
351k-375k 9 11 0.2 4.9
376k-400k 4 5 1 0.2 4.8
401k-425k 8 9 0.2 5.3
426k-450k 7 7 0.2 6
451k-475k 5 9 1 0.3 3.3
476k-500k 3 4 1 0.2 4.5
501k-550k 1 3 0.5 2
551k-600k 2 7 0.6 1.7
601k-650k 2 1 0.1 12
651k-700k 3 1 0.1 18
701k-750k 3 1 0.5 0
751k-800k 4 4 0.2 6
801k-850k 2 3 0.3 4
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 2 0
1m-1.1m 3 0.5 0
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 3 0.5 2
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 1 0.2 6
2.25m-2.5m 2 0

Land 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
1k-25k 36 9 0 24
26k-50k 8 9 0.2 5.3
51k-75k 2 2 1 0.2 6
76k-100k 4 0
101k-125k 1 0
126k-150k 1 0
151k-175k 1 0.2 0
201k-225k 1 0
251k-275k 1 0.2 0
326k-350k 1 0
376k-400k 2 0
1.3m-1.4m 1 0