Absorbtion Rates for Bellingham 3-3-08

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 $480,287Days on the market 114

Median List Price $374,900 Days on the market 83

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

17

5.3

2

3.2

200,000-300,000

157

40.4

8

3.9

300,000-400,000

124

29.8

8

4.2

400,000-500,000

89

13.3

3

6.7

500,000-600,000

40

5.5

0

7.8

600,000-700,000

36

2.8

0

12.8

700,000-800,000

21

2.4

1

8.8

800,000-900,000

15

1.9

0

7.9

900,000-1,000,000

8

.8

0

10.0

1,000,000-2,000,000

23

1.4

0

16.4

2,000,000+

6

.25

0

24.0

Totals

535

102

27

5.2

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