Absorbtion Rates for Bellingham August-25-08

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 $517,989 Days on the market 108

Median List Price $384,500 Days on the market 73

 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

26

3.8

3

6.8

200,000-299,999

186

35.7

6

5.2

300,000-399,999

168

21.9

3

7.7

400,000-499,999

91

12.0

5

7.6

500,000-599,999

56

4.3

2

13.0

600,000-699,999

47

3.3

2

14.2

700,000-799,999

29

1.6

0

18.1

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

44

.9

0

48.9

2,000,000+

8

.1

0

80

Totals

687

85.6

21

8.0

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