Absorbtion Rates for Bellingham September-02-08

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 $527,481 Days on the market 110

Median List Price $389,975 Days on the market 77

 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

25

3.8

2

6.6

200,000-299,999

167

33.4

14

5.0

300,000-399,999

152

20.4

6

7.5

400,000-499,999

94

11.3

2

8.3

500,000-599,999

51

4.2

3

12.1

600,000-699,999

45

3.1

1

11.9

700,000-799,999

28

1.5

0

18.7

800,000-899,999

17

1.4

0

12.1

900,000-999,999

16

.8

0

20.0

1,000,000-1,999,999

43

.9

0

47.7

2,000,000+

8

.1

0

80

Totals

646

80.1

28

8.1

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