Absorbtion Rates for Bellingham September 09-22-08

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 $536,029 Days on the market 110

Median List Price $398,150 Days on the market 85

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

29

3.8

0

7.6

200,000-299,999

165

33.4

6

4.9

300,000-399,999

135

20.4

5

6.6

400,000-499,999

90

11.3

3

7.9

500,000-599,999

47

4.2

0

11.2

600,000-699,999

46

3.1

0

14.8

700,000-799,999

26

1.5

0

17.3

800,000-899,999

20

1.4

0

14.3

900,000-999,999

14

.8

0

17.5

1,000,000-1,999,999

47

.9

0

52.2

2,000,000+

8

.1

0

80

Totals

626

80.1

14

7.8

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