Absorbtion Rates for Bellingham 12-24-07

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 $470,233 Days on the market 124

Median List Price $361,300 Days on the market 99

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

15

5.5

0

2.7

200,000-300,000

165

40.7

3

4.1

300,000-400,000

135

31.1

4

4.3

400,000-500,000

89

13.7

0

6.2

500,000-600,000

37

5.9

1

6.2

600,000-700,000

27

2.8

0

9.6

700,000-800,000

20

2.5

0

8.0

800,000-900,000

17

1.9

0

89

900,000-1,000,000

10

.8

0

10

1,000,000-2,000,000

23

1.5

0

15.3

2,000,000+

5

.34

0

16.6

Totals

539

105

8

5.1

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