Absorbtion Rates for Bellingham June-30-08

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 $525,452 Days on the market 106

Median List Price $389,000 Days on the market 68

The NWMLS changed some of their categories around so their are now 4 categories of pending listings, including pending inspection, which previously was Active subject to inspection, so the stats will vary a bit for this week but not really by much and it doesn’t really seem to affect the numbers much except their are lots more pending sales this past week.

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

22

3.8

2

5.7

200,000-299,999

193

37.9

15

5.1

300,000-399,999

147

24.1

10

6.1

400,000-499,999

87

12.2

4

7.1

500,000-599,999

54

4.5

2

12.0

600,000-699,999

43

2.6

0

16.5

700,000-799,999

38

1.8

0

21.1

800,000-899,999

20

1.8

0

11.1

900,000-999,999

12

.8

0

15.0

1,000,000-1,999,999

45

1.3

1

34.6

2,000,000+

8

.1

0

80

Totals

669

90.9

34

7.4

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