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, as of today:

Average List Price $494,590 Days on the market 111

Median List Price $387,250 Days on the market 68

Price Range	Active Listings	Monthly Absorbtion Rate	Pending Past week	Months to sell Current Inventory
Up to $199,999	19	5.3	1	3.5
200,000-299,999	171	40.6	5	4.2
300,000-399,999	114	27.6	6	4.1
400,000-499,999	101	13.6	2	7.4
500,000-599,999	46	5.5	0	8.3
600,000-699,999	41	2.6	3	15.7
700,000-799,999	26	2.1	0	12.3
800,000-899,999	17	1.6	0	10.6
900,000-999,999	7	1	0	7
1,000,000-1,999,999	29	1.4	0	20.7
2,000,000+	5	.16	0	31.3
Totals	574	99.3	17	5.8

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