Absorbtion Rates for Bellingham 10-22-07

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 $473,622 Days on the market 107

Median List Price $360,000 Days on the market 78

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

95

5.9

2

3.7

200,000-300,000

200

43.2

5

4.6

300,000-400,000

183

33.0

2

5.5

400,000-500,000

96

14.1

12

6.8

500,000-600,000

50

6.2

3

8.1

600,000-700,000

44

2.8

0

15.7

700,000-800,000

24

2.7

0

8.8

800,000-900,000

19

2.2

0

8.6

900,000-1,000,000

13

.8

1

16.3

1,000,000-2,000,000

28

1.7

0

16.4

2,000,000+

7

.34

0

20.5

Totals

667

110

13

6.1

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