Absorbtion Rates for Bellingham 5-5-08

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 $495,977 Days on the market 106

Median List Price $387,000 Days on the market 68

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

15

3.9

0

3.8

200,000-299,999

163

38.3

12

4.3

300,000-399,999

127

25.8

8

4.9

400,000-499,999

96

13.0

2

7.4

500,000-599,999

39

4.9

0

8.0

600,000-699,999

43

2.5

2

17.2

700,000-799,999

29

2.1

0

13.8

800,000-899,999

15

1.8

0

8.3

900,000-999,999

12

.8

0

15

1,000,000-1,999,999

31

1.5

0

20.7

2,000,000+

5

.1

0

50

Totals

608

95.8

25

6.3

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