Absorbtion Rates for Bellingham September 09-29-08

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 $531,362  Days on the market 11

Median List Price $389,925  Days on the market 85

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

32

3.8

1

8.4

200,000-299,999

166

33.4

8

5.0

300,000-399,999

137

20.4

7

6.7

400,000-499,999

89

11.3

4

7.9

500,000-599,999

47

4.2

1

11.2

600,000-699,999

45

3.1

0

14.5

700,000-799,999

26

1.5

0

14.6

800,000-899,999

22

1.4

0

15.7

900,000-999,999

14

.8

0

18.8

1,000,000-1,999,999

45

.9

0

50.0

2,000,000+

8

.1

0

80

Totals

632

80.1

21

7.9

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