Absorbtion Rates for Bellingham September 09-15-08

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 $532,748 Days on the market 113

Median List Price $394,500 Days on the market 82 

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

27

3.8

3

7.1

200,000-299,999

165

33.4

9

4.9

300,000-399,999

146

20.4

10

7.1

400,000-499,999

90

11.3

4

7.9

500,000-599,999

48

4.2

1

11.4

600,000-699,999

43

3.1

0

13.9

700,000-799,999

28

1.5

0

18.7

800,000-899,999

20

1.4

0

14.3

900,000-999,999

15

.8

0

18.9

1,000,000-1,999,999

45

.9

0

50.0

2,000,000+

9

.1

0

90

Totals

636

80.1

27

7.9

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