Absorbtion Rates for Bellingham 4-28-08

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 $497,001 Days on the market 110

Median List Price $389,500 Days on the market 71

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

16

5.3

2

3.0

200,000-299,999

172

40.6

4

4.2

300,000-399,999

127

27.6

7

4.6

400,000-499,999

104

13.6

2

7.6

500,000-599,999

46

5.5

1

8.3

600,000-699,999

44

2.6

1

16.9

700,000-799,999

27

2.1

1

12.6

800,000-899,999

16

1.6

0

10

900,000-999,999

10

1

0

10

1,000,000-1,999,999

31

1.4

0

22.1

2,000,000+

5

.16

0

31.3

Totals

597

99.3

18

6.0

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