Absorbtion Rates for Bellingham August-4-08

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 $521,594 Days on the market 111

Median List Price $389,000 Days on the market 73

 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

25

3.8

0

6.6

200,000-299,999

183

35.7

12

5.1

300,000-399,999

158

21.9

7

7.2

400,000-499,999

100

12.0

2

8.3

500,000-599,999

54

4.3

2

12.5

600,000-699,999

43

3.3

0

13.0

700,000-799,999

29

1.6

2

18.1

800,000-899,999

19

1.4

1

13.5

900,000-999,999

16

.8

0

20.0

1,000,000-1,999,999

43

.9

2

47.8

2,000,000+

8

.1

0

80

Totals

679

85.6

27

7.9

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