Absorbtion Rates for Bellingham August-11-08

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 $522,272 Days on the market 109

Median List Price $389,500 Days on the market 70

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

24

3.8

4

6.3

200,000-299,999

173

35.7

18

4.8

300,000-399,999

165

21.9

6

7.5

400,000-499,999

97

12.0

4

8.1

500,000-599,999

57

4.3

1

13.2

600,000-699,999

43

3.3

1

13.0

700,000-799,999

26

1.6

0

16.3

800,000-899,999

18

1.4

0

12.3

900,000-999,999

17

.8

0

21.3

1,000,000-1,999,999

42

.9

1

46.7

2,000,000+

8

.1

0

80

Totals

670

85.6

35

7.8

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