Absorbtion Rates for Bellingham 4-7-08

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 $494,590 Days on the market 111

Median List Price $387,250 Days on the market 68

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

19

5.3

1

3.5

200,000-299,999

171

40.6

5

4.2

300,000-399,999

114

27.6

6

4.1

400,000-499,999

101

13.6

2

7.4

500,000-599,999

46

5.5

0

8.3

600,000-699,999

41

2.6

3

15.7

700,000-799,999

26

2.1

0

12.3

800,000-899,999

17

1.6

0

10.6

900,000-999,999

7

1

0

7

1,000,000-1,999,999

29

1.4

0

20.7

2,000,000+

5

.16

0

31.3

Totals

574

99.3

17

5.8

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