Absorbtion Rates for Bellingham 3-17-08

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 $495,630 Days on the market 116

Median List Price $379,000 Days on the market 76

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

17

5.3

0

3.2

200,000-300,000

165

40.4

2

4.1

300,000-400,000

117

29.8

3

3.9

400,000-500,000

96

13.3

2

7.2

500,000-600,000

44

5.5

1

8.0

600,000-700,000

39

2.8

0

13.9

700,000-800,000

26

2.4

0

10.8

800,000-900,000

14

1.9

2

7.3

900,000-1,000,000

7

.8

1

8.8

1,000,000-2,000,000

27

1.4

0

19.2

2,000,000+

7

.25

0

28.0

Totals

557

102

11

5.5

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