Absorbtion Rates for Bellingham 4-21-08

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 $496,865 Days on the market 108

Median List Price $395,000 Days on the market 69

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

18

5.3

0

3.4

200,000-299,999

165

40.6

9

4.1

300,000-399,999

122

27.6

1

4.4

400,000-499,999

108

13.6

2

7.9

500,000-599,999

45

5.5

1

8.1

600,000-699,999

43

2.6

1

16.5

700,000-799,999

27

2.1

0

12.6

800,000-899,999

15

1.6

0

9.3

900,000-999,999

10

1

0

10

1,000,000-1,999,999

29

1.4

0

20.7

2,000,000+

5

.16

0

31.3

Totals

589

99.3

14

5.9

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