Absorbtion Rates for Bellingham 12-17-07

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 $474,255 Days on the market 122

Median List Price $365,000 Days on the market 97

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

14

5.5

2

2.5

200,000-300,000

160

40.7

7

3.9

300,000-400,000

139

31.1

2

4.5

400,000-500,000

88

13.7

1

6.4

500,000-600,000

37

5.9

0

6.3

600,000-700,000

28

2.8

0

10.0

700,000-800,000

19

2.5

0

7.6

800,000-900,000

20

1.9

0

10.5

900,000-1,000,000

9

.8

0

11.3

1,000,000-2,000,000

24

1.5

0

16.0

2,000,000+

5

.34

0

14.7

Totals

539

105

12

5.1

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