Absorbtion Rates for Bellingham 1-8-08

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 $466,738 Days on the market 119

Median List Price $369,000 Days on the market 99

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

17

5.3

0

3.2

200,000-300,000

151

40.4

6

3.7

300,000-400,000

126

29.8

3

4.2

400,000-500,000

86

13.3

0

6.7

500,000-600,000

37

5.5

0

6.7

600,000-700,000

25

2.8

0

8.9

700,000-800,000

19

2.4

0

7.9

800,000-900,000

13

1.9

0

6.8

900,000-1,000,000

8

.8

0

10

1,000,000-2,000,000

22

1.4

0

15.7

2,000,000+

4

.25

0

16.0

Totals

505

102

9

5.0

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One Response to Absorbtion Rates for Bellingham 1-8-08

  1. Tim Harris says:

    Good breakdown of your market. I always find these number fascinating, not to mention very important. It’s critical for today’s real estate professional to be market-savvy, and I think knowing such things is very helpful. Can you think of other ways to stay productive and knowledgeable?

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