Absorbtion Rates for Bellingham June-16-08

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 $503,999 Days on the market 105

Median List Price $379,450 Days on the market 69

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

22

3.8

0

5.8

200,000-299,999

215

37.9

11

5.7

300,000-399,999

147

24.1

3

6.1

400,000-499,999

100

12.2

3

8.2

500,000-599,999

53

4.5

1

11.7

600,000-699,999

40

2.6

1

15.3

700,000-799,999

34

1.8

1

18.9

800,000-899,999

20

1.8

0

11.1

900,000-999,999

14

.8

0

17.5

1,000,000-1,999,999

42

1.3

1

32.3

2,000,000+

7

.1

0

70

Totals

694

90.9

20

7.6

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