Absorbtion Rates for Bellingham 5-26-08

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 $498,953 Days on the market 104

Median List Price $370,000Days on the market 71

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

23

3.9

0

5.9

200,000-299,999

208

38.3

7

5.4

300,000-399,999

138

25.8

8

5.3

400,000-499,999

100

13.0

1

7.7

500,000-599,999

46

4.9

0

9.4

600,000-699,999

45

2.5

2

18

700,000-799,999

32

2.1

0

15.2

800,000-899,999

20

1.8

1

11.1

900,000-999,999

11

.8

0

13.8

1,000,000-1,999,999

38

1.5

0

25.3

2,000,000+

6

.1

0

60

Totals

667

95.8

19

7.0

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