Absorbtion Rates for Bellingham July-28-08

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 $521,279 Days on the market 112

Median List Price $382,750 Days on the market 74

 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

25

3.8

3

6.6

200,000-299,999

182

37.2

17

4.9

300,000-399,999

156

22.6

10

6.9

400,000-499,999

98

12.1

1

8.1

500,000-599,999

53

4.3

1

12.3

600,000-699,999

41

3.3

1

12.4

700,000-799,999

29

1.7

2

17.1

800,000-899,999

18

1.8

0

10.0

900,000-999,999

14

.8

0

17.5

1,000,000-1,999,999

44

1.2

1

36.7

2,000,000+

8

.1

0

80

Totals

668

88.9

34

7.5

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