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 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
1k-25k 3 5 1 0.3 3.6
26k-50k 8 34 12 0.7 1.4
51k-75k 10 52 13 0.9 1.2
76k-100k 40 52 5 0.2 4.6
101k-125k 31 75 5 0.4 2.5
126k-150k 53 68 11 0.2 4.7
151k-175k 44 89 14 0.3 3
176k-200k 35 117 14 0.6 1.8
201k-225k 35 101 6 0.5 2.1
226k-250k 38 179 13 0.8 1.3
251k-275k 26 139 6 0.9 1.1
276k-300k 24 94 8 0.7 1.5
301k-325k 9 93 6 1.7 0.6
326k-350k 7 49 4 1.2 0.9
351k-375k 3 41 1 2.3 0.4
376k-400k 2 24 2 0.5
401k-425k 3 18 1 1 1
426k-450k 2 18 3 1.5 0.7
451k-475k 9 1.5 0
476k-500k 2 5 0.4 2.4
501k-550k 2 7 0.6 1.7
551k-600k 1 5 0.8 1.2
601k-650k 5 0.8 0
651k-700k 1 3 0.5 2
701k-750k 1 0.2 0
851k-900k 3 0.5 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
3.5m-4m 1 0
4.5m-5m 1 0

Townhouses 16% 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 1 6 1 1
76k-100k 6 7 0.2 5.1
101k-125k 1 4 1 0.7 1.5
126k-150k 2 1 0.1 12
151k-175k 2 2 1 0.2 6
176k-200k 1 1 0.2 6
201k-225k 5 2 0.8 0
226k-250k 2 0.3 0
251k-275k 1 5 0.8 1.2
276k-300k 3 0.5 0
301k-325k 2 0.3 0
326k-350k 1 3 0.5 2
351k-375k 2 2 0.2 6
376k-400k 2 0.3 0
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 1 5 0.8 1.2
476k-500k 1 1 1 0.2 6
551k-600k 1 0.2 0
601k-650k 2 0.3 0
701k-750k 1 0.2 0
751k-800k 1 0

Condos 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
26k-50k 1 1 0.2 0
51k-75k 3 17 2 0.9 1.1
76k-100k 9 12 2 0.2 4.5
101k-125k 5 12 2 0.4 2.5
126k-150k 4 19 2 0.8 1.3
151k-175k 6 24 3 0.7 1.5
176k-200k 4 13 0.5 1.8
201k-225k 10 17 2 0.3 3.5
226k-250k 9 23 2 0.4 2.3
251k-275k 6 12 2 0.3 3
276k-300k 5 10 4 0.3 3
301k-325k 7 5 1 0.1 8.4
326k-350k 6 7 1 0.2 5.1
351k-375k 5 4 2 0.1 7.5
376k-400k 9 8 0.1 6.8
401k-425k 1 4 0.7 1.5
426k-450k 1 2 0.3 3
451k-475k 1 4 1 0.7 1.5
476k-500k 1 2 0.3 3
501k-550k 2 6 0.5 2
551k-600k 3 3 0.2 6
601k-650k 1 1 0.2 0
651k-700k 1 1 0.2 6
701k-750k 1 4 0.7 1.5
751k-800k 2 4 0.3 3
801k-850k 1 0.2 0
851k-900k 4 0.7 0
901k-950k 1 1 0.2 6
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0
1.6m-1.7m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Land 8% 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 5 0 57.6
26k-50k 12 8 0.1 9
51k-75k 3 1 0.1 18
76k-100k 4 2 0.1 12
126k-150k 2 1 0.1 12
151k-175k 1 0.2 0
176k-200k 3 0
226k-250k 1 0
276k-300k 1 0
326k-350k 2 0
1.3m-1.4m 1 0