Absorbtion Rates for Bellingham 3-31-08

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 $496,872 Days on the market 113

Median List Price $385,000 Days on the market 72

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $200,000

19

5.3

0

3.6

200,000-300,000

166

40.4

10

4.1

300,000-400,000

112

29.8

6

3.8

400,000-500,000

95

13.3

1

7.1

500,000-600,000

47

5.5

1

8.5

600,000-700,000

41

2.8

2

14.6

700,000-800,000

25

2.4

1

10.4

800,000-900,000

17

1.9

0

8.9

900,000-1,000,000

5

.8

0

6.3

1,000,000-2,000,000

28

1.4

0

20.0

2,000,000+

6

.25

0

24.0

Totals

557

102

21

5.5

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