Absorbtion Rates for Bellingham August-18-08

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 $517,670 Days on the market 107

Median List Price $385,00 Days on the market 71

 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

27

3.8

6

7.1

200,000-299,999

184

35.7

11

5.2

300,000-399,999

167

21.9

7

7.6

400,000-499,999

92

12.0

2

7.7

500,000-599,999

57

4.3

3

13.2

600,000-699,999

47

3.3

1

14.2

700,000-799,999

28

1.6

0

17.5

800,000-899,999

15

1.4

0

10.7

900,000-999,999

17

.8

0

21.3

1,000,000-1,999,999

43

.9

0

47.8

2,000,000+

8

.1

0

80

Totals

685

85.6

31

8.0

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