Absorbtion Rates for Bellingham 5-19-08

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 $493,975 Days on the market 105

Median List Price $371,230 Days on the market 69

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

19

3.9

0

4.9

200,000-299,999

200

38.3

11

5.2

300,000-399,999

146

25.8

7

5.7

400,000-499,999

96

13.0

1

7.4

500,000-599,999

46

4.9

1

9.4

600,000-699,999

41

2.5

1

16.4

700,000-799,999

30

2.1

1

14.3

800,000-899,999

17

1.8

0

9.4

900,000-999,999

12

.8

0

15

1,000,000-1,999,999

36

1.5

0

24

2,000,000+

5

.1

0

50

Totals

648

95.8

22

6.8

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