Absorbtion Rates for Bellingham 1-22-08

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 $472,217 Days on the market 122

Median List Price $369,000 Days on the market 108

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

17

5.3

1

3.2

200,000-300,000

152

40.4

12

3.8

300,000-400,000

121

29.8

5

4.1

400,000-500,000

84

13.3

3

6.3

500,000-600,000

36

5.5

1

6.5

600,000-700,000

27

2.8

1

9.6

700,000-800,000

19

2.4

0

7.9

800,000-900,000

15

1.9

1

7.9

900,000-1,000,000

7

.8

1

8.8

1,000,000-2,000,000

22

1.4

0

15.7

2,000,000+

5

.25

0

20.0

Totals

503

102

25

4.9

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