Absorbtion Rates for Bellingham 11-12-07

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 $462,722Days on the market 109

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

22

5.8

1

3.8

200,000-300,000

198

42.1

7

4.7

300,000-400,000

166

32.6

1

5.1

400,000-500,000

93

14.3

1

6.5

500,000-600,000

45

6.0

2

7.5

600,000-700,000

37

2.9

1

12.6

700,000-800,000

22

2.76

0

8.5

800,000-900,000

21

2.0

0

10.5

900,000-1,000,000

11

.8

0

13.8

1,000,000-2,000,000

25

1.5

0

16.6

2,000,000+

5

.34

0

16.6

Totals

639

108

14

5.9

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