Absorbtion Rates for Bellingham 6-2-08

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 $502,920 Days on the market 102

Median List Price $379,000Days on the market 69

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

21

3.8

3

5.5

200,000-299,999

209

37.9

7

5.5

300,000-399,999

142

24.1

2

5.9

400,000-499,999

104

12.2

0

8.5

500,000-599,999

45

4.5

4

10.0

600,000-699,999

44

2.6

2

16.9

700,000-799,999

30

1.8

0

16.6

800,000-899,999

19

1.8

0

10.5

900,000-999,999

12

.8

0

15

1,000,000-1,999,999

40

1.3

1

30.7

2,000,000+

7

.1

0

70

Totals

673

90.9

18

7.4

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