Absorbtion Rates for Bellingham 2-25-08

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 $477,172 Days on the market 118

Median List Price $364,950 Days on the market 89

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

16

5.3

0

3.0

200,000-300,000

160

40.4

5

4.0

300,000-400,000

126

29.8

3

4.2

400,000-500,000

89

13.3

2

6.7

500,000-600,000

43

5.5

0

7.8

600,000-700,000

31

2.8

0

11.7

700,000-800,000

22

2.4

0

9.2

800,000-900,000

16

1.9

0

8.4

900,000-1,000,000

8

.8

0

10.0

1,000,000-2,000,000

22

1.4

0

15.7

2,000,000+

6

.25

0

24.0

Totals

538

102

10

5.3

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