Absorbtion Rates for Bellingham 12-24-07

Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorbtion rate, how long it will take to sell the current inventory at the said absortion rate.

This is a very interesting way to look at the market:

Average List Price $470,233 Days on the market 124

Median List Price $361,300 Days on the market 99

Price Range	Active Listings	Monthly Absorbtion Rate	Pending Past week	Months to sell Current Inventory
Up to $200,000	15	5.5	0	2.7
200,000-300,000	165	40.7	3	4.1
300,000-400,000	135	31.1	4	4.3
400,000-500,000	89	13.7	0	6.2
500,000-600,000	37	5.9	1	6.2
600,000-700,000	27	2.8	0	9.6
700,000-800,000	20	2.5	0	8.0
800,000-900,000	17	1.9	0	89
900,000-1,000,000	10	.8	0	10
1,000,000-2,000,000	23	1.5	0	15.3
2,000,000+	5	.34	0	16.6
Totals	539	105	8	5.1