Absorbtion Rates for Bellingham 12-3-07

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 $469,872 Days on the market 117

Median List Price $359,900 Days on the market 89

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

17

5.5

0

3.1

200,000-300,000

174

40.7

4

4.3

300,000-400,000

151

31.1

2

4.9

400,000-500,000

90

13.7

3

6.6

500,000-600,000

40

5.9

1

6.8

600,000-700,000

27

2.8

0

9.6

700,000-800,000

21

2.5

0

8.4

800,000-900,000

22

1.9

1

11.8

900,000-1,000,000

8

.8

1

10

1,000,000-2,000,000

25

1.5

0

16.7

2,000,000+

5

.34

0

16.7

Totals

574

105

17

5.5

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