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

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