Absorbtion Rates for Bellingham 11-5-07

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 $463,375 Days on the market 112

Median List Price $359,00 Days on the market 85

Price Range	Active Listings	Monthly Absorbtion Rate	Pending Past week	Months to sell Current Inventory
Up to $200,000	23	5.9	1	3.7
200,000-300,000	201	42.1	4	4.8
300,000-400,000	170	32.6	1	5.2
400,000-500,000	91	14.3	1	6.4
500,000-600,000	47	6.0	1	7.8
600,000-700,000	39	2.9	1	13.4
700,000-800,000	21	2.76	0	8.1
800,000-900,000	19	2.0	0	9.5
900,000-1,000,000	12	.8	0	15.0
1,000,000-2,000,000	25	1.5	0	16.6
2,000,000+	7	.34	0	20.5
Totals	661	108	9	6.1