Absorbtion Rates for Bellingham 10-8-07

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

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past 30 days

Months to sell Current Inventory

Up to $150,000

2

.9

0

2.2

150,000-200,000

17

5.1

2

3.3

200,000-300,000

195

39

12

5

300,000-400,000

187

32.8

7

5.7

400,000-500,000

106

14

6

7.5

500,000-600,000

51

6.5

1

7.8

600,000-700,000

39

2.7

2

14.4

700,000-800,000

29

2.7

0

10.7

800,000-900,000

23

2.2

1

10.9

900,000-1,000,000

14

.8

0

17.5

1,000,000-2,000,000

28

1.7

0

16.4

2,000,000+

7

.34

0

20.5

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