Absorbtion Rates for Bellingham 11-19-07

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 $466,502 Days on the market 117

Median List Price $359,900 Days on the market 90

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

21

5.8

1

3.6

200,000-300,000

182

42.1

7

4.3

300,000-400,000

157

32.6

6

4.8

400,000-500,000

92

14.3

1

6.5

500,000-600,000

41

6.0

1

6.4

600,000-700,000

30

2.9

2

10.3

700,000-800,000

21

2.8

0

7.5

800,000-900,000

23

2.0

0

11.5

900,000-1,000,000

8

.8

1

10

1,000,000-2,000,000

25

1.5

0

16.6

2,000,000+

5

.34

0

16.6

Totals

599

108

18

5.5

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