Absorbtion Rates for Bellingham 1-28-08

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 $469,182 Days on the market 119

Median List Price $365,000 Days on the market 105

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

18

5.3

2

3.4

200,000-300,000

157

40.4

13

3.9

300,000-400,000

130

29.8

2

4.3

400,000-500,000

85

13.3

3

6.4

500,000-600,000

37

5.5

1

6.7

600,000-700,000

28

2.8

2

10.0

700,000-800,000

20

2.4

0

8.3

800,000-900,000

17

1.9

1

8.9

900,000-1,000,000

6

.8

0

7.5

1,000,000-2,000,000

22

1.4

0

15.7

2,000,000+

5

.25

0

20.0

Totals

523

102

24

5.1

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