Absorbtion Rates for Bellingham 12-10-07

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 $473,227 Days on the market 118

Median List Price $364,950 Days on the market 94

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

17

5.5

1

3.1

200,000-300,000

170

40.7

6

4.3

300,000-400,000

135

31.1

7

4.3

400,000-500,000

92

13.7

5

6.7

500,000-600,000

39

5.9

0

6.6

600,000-700,000

28

2.8

0

10.0

700,000-800,000

20

2.5

2

8.0

800,000-900,000

22

1.9

1

11.8

900,000-1,000,000

9

.8

1

11.3

1,000,000-2,000,000

25

1.5

1

16.7

2,000,000+

4

.34

0

11.8

Totals

556

105

22

5.3

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