Absorbtion Rates for Bellingham – 10-06-08

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 $535,964  Days on the market 112

Median List Price $395,000  Days on the market 88

Price Range

Active Listings

Monthly Absorbtion Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

33

3.8

1

8.6

200,000-299,999

158

34.0

12

4.6

300,000-399,999

125

19.1

11

6.5

400,000-499,999

83

10.8

3

7.7

500,000-599,999

45

3.9

0

11.5

600,000-699,999

43

3.3

0

14.3

700,000-799,999

26

1.4

0

18.5

800,000-899,999

19

1.1

0

17.2

900,000-999,999

16

1.0

0

16

1,000,000-1,999,999

44

.8

0

55

2,000,000+

8

.1

0

80

Totals

600

79.3

27

7.6

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