Absorbtion Rates for Bellingham 10-15-07

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 $476,529  Days on the market 105

Median List Price $369,000 Days on the market 75

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

Up to $150,000

2

.9

0

2.2

150,000-200,000

18

5.1

0

3.5

200,000-300,000

198

43.2

7

4.6

300,000-400,000

180

32.9

8

5.5

400,000-500,000

103

14.1

6

7.3

500,000-600,000

52

6.5

1

8.0

600,000-700,000

43

2.7

0

15.9

700,000-800,000

21

2.2

0

9.6

800,000-900,000

12

1.7

0

9.5

900,000-1,000,000

12

.8

1

15

1,000,000-2,000,000

29

1.7

0

17

2,000,000+

7

.34

0

20.5

Totals

688

111

23

6.2

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