Absorbtion Rates for Bellingham June-23-08

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 $507,635 Days on the market 103

Median List Price $375,000 Days on the market 63

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

26

3.8

2

6.8

200,000-299,999

221

37.9

6

5.8

300,000-399,999

151

24.1

6

6.3

400,000-499,999

103

12.2

2

8.4

500,000-599,999

52

4.5

2

11.5

600,000-699,999

40

2.6

2

15.3

700,000-799,999

36

1.8

0

20

800,000-899,999

20

1.8

0

11.1

900,000-999,999

13

.8

0

16.3

1,000,000-1,999,999

43

1.3

1

33.1

2,000,000+

7

.1

0

80

Totals

712

90.9

21

7.8

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