Absorbtion Rates for Bellingham September-09-08

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 $526,192 Days on the market 110

Median List Price $389,800 Days on the market 79

 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

30

3.8

0

7.9

200,000-299,999

167

33.4

7

5.0

300,000-399,999

153

20.4

9

7.5

400,000-499,999

89

11.3

4

7.9

500,000-599,999

49

4.2

1

11.6

600,000-699,999

47

3.1

1

15.2

700,000-799,999

26

1.5

0

17.4

800,000-899,999

19

1.4

0

13.5

900,000-999,999

16

.8

0

20.0

1,000,000-1,999,999

45

.9

0

50.0

2,000,000+

8

.1

0

80

Totals

649

80.1

22

8.1

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