Absorbtion Rates for Bellingham June-9-08

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 $503,240 Days on the market 103

Median List Price $375,000Days 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

0

5.5

200,000-299,999

215

37.9

5

5.7

300,000-399,999

141

24.1

6

5.9

400,000-499,999

103

12.2

1

8.4

500,000-599,999

48

4.5

1

10.6

600,000-699,999

41

2.6

1

15.8

700,000-799,999

30

1.8

0

16.6

800,000-899,999

21

1.8

0

11.6

900,000-999,999

14

.8

0

17.5

1,000,000-1,999,999

40

1.3

1

30.7

2,000,000+

7

.1

0

70

Totals

681

90.9

15

7.5

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