Absorbtion Rates for Bellingham 2-4-08

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 $466,386 Days on the market 117

Median List Price $363,200 Days on the market 96

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

16

5.3

3

3.0

200,000-300,000

158

40.4

12

3.9

300,000-400,000

131

29.8

4

4.4

400,000-500,000

81

13.3

8

6.1

500,000-600,000

36

5.5

1

6.5

600,000-700,000

27

2.8

2

9.6

700,000-800,000

21

2.4

0

8.8

800,000-900,000

15

1.9

0

7.9

900,000-1,000,000

7

.8

0

8.8

1,000,000-2,000,000

21

1.4

0

15.0

2,000,000+

5

.25

0

20.0

Totals

517

102

30

5.1

.

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