Absorption Report

60611, Condos/Townhomes

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.


78% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 12/02 Under Contract
Last 30 days
Absorption Rate Months of Inventory
76k-100k 1 0.2 0
126k-150k 1 9 3 1.5 0.7
151k-175k 4 21 3 0.9 1.1
176k-200k 13 30 3 0.4 2.6
201k-225k 19 45 12 0.4 2.5
226k-250k 17 45 5 0.4 2.3
251k-275k 23 39 5 0.3 3.5
276k-300k 16 33 6 0.3 2.9
301k-325k 16 38 9 0.4 2.5
326k-350k 8 21 3 0.4 2.3
351k-375k 10 17 0.3 3.5
376k-400k 25 17 4 0.1 8.8
401k-425k 17 20 3 0.2 5.1
426k-450k 21 22 5 0.2 5.7
451k-475k 9 15 3 0.3 3.6
476k-500k 21 14 3 0.1 9
501k-550k 21 31 5 0.2 4.1
551k-600k 25 26 9 0.2 5.8
601k-650k 11 20 3 0.3 3.3
651k-700k 12 14 2 0.2 5.1
701k-750k 24 17 2 0.1 8.5
751k-800k 12 17 3 0.2 4.2
801k-850k 13 1 1 0 78
851k-900k 18 8 1 0.1 13.5
901k-950k 5 9 2 0.3 3.3
951k-1m 9 8 1 0.1 6.8
1m-1.1m 11 11 1 0.2 6
1.1m-1.2m 11 12 3 0.2 5.5
1.2m-1.3m 13 9 3 0.1 8.7
1.3m-1.4m 17 8 4 0.1 12.8
1.4m-1.5m 20 3 2 0 40
1.5m-1.6m 11 10 3 0.2 6.6
1.6m-1.7m 2 4 1 0.3 3
1.7m-1.8m 7 3 1 0.1 14
1.8m-1.9m 6 4 1 0.1 9
1.9m-2m 15 4 1 0 22.5
2m-2.25m 12 0
2.25m-2.5m 17 1 0 102
2.5m-2.75m 10 3 1 0.1 20
2.75m-3m 14 4 1 0 21
3m-3.5m 16 2 0 48
3.5m-4m 12 3 2 0 24
4m-4.5m 4 1 0 24
4.5m-5m 1 0
5.01m-6m 6 1 0 36
6.01m-7m 2 0
7.01m-8m 1 0
9.01m-10m 1 0
11.01m-12m 1 0
15.01m-16m 2 0