Absorbtion Rates for Bellingham 10-29-07

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 $471,061 Days on the market 110

Median List Price $359,925 Days on the market 81

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

22

5.9

2

3.7

200,000-300,000

201

43.2

20

4.7

300,000-400,000

180

33.0

23

5.5

400,000-500,000

92

14.1

11

6.5

500,000-600,000

48

6.2

6

7.7

600,000-700,000

44

2.8

0

15.7

700,000-800,000

23

2.7

0

8.5

800,000-900,000

19

2.2

1

8.6

900,000-1,000,000

13

.8

1

16.3

1,000,000-2,000,000

27

1.7

1

15.9

2,000,000+

7

.34

0

20.5

Totals

672

110

65

6.1

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s