Absorbtion Rates for Bellingham 5-12-08

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 $493,159 Days on the market 106

Median List Price $379,000 Days on the market 71

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

18

3.9

0

4.6

200,000-299,999

180

38.3

7

4.7

300,000-399,999

136

25.8

5

5.2

400,000-499,999

98

13.0

2

7.5

500,000-599,999

46

4.9

1

9.4

600,000-699,999

44

2.5

1

17.6

700,000-799,999

32

2.1

1

15.2

800,000-899,999

16

1.8

0

8.9

900,000-999,999

10

.8

0

12.5

1,000,000-1,999,999

32

1.5

0

21.3

2,000,000+

5

.1

0

50

Totals

617

95.8

17

6.4

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