Absorbtion Rates for Bellingham 2-18-08

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, as of today:

Average List Price $473,789 Days on the market 118

Median List Price $360,000 Days on the market 94

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

14

5.3

1

2.6

200,000-300,000

164

40.4

10

4.0

300,000-400,000

126

29.8

2

4.2

400,000-500,000

86

13.3

3

6.5

500,000-600,000

39

5.5

0

7.1

600,000-700,000

29

2.8

0

10.3

700,000-800,000

23

2.4

0

9.6

800,000-900,000

17

1.9

0

9.5

900,000-1,000,000

6

.8

0

7.5

1,000,000-2,000,000

21

1.4

1

15.0

2,000,000+

6

.25

0

24.0

Totals

530

102

17

5.2

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s