Absorbtion Rates for Bellingham – 10-13-08

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 $533,046  Days on the market 111

Median List Price $397,500  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

2

8.6

200,000-299,999

155

34.0

8

4.5

300,000-399,999

119

19.1

9

6.2

400,000-499,999

83

10.8

1

7.7

500,000-599,999

47

3.9

0

12.1

600,000-699,999

43

3.3

0

14.3

700,000-799,999

27

1.4

0

19.2

800,000-899,999

17

1.1

0

15.4

900,000-999,999

15

1.0

0

15

1,000,000-1,999,999

42

.8

0

52.5

2,000,000+

8

.1

0

80

Totals

589

79.3

20

7.4

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2 Responses to Absorbtion Rates for Bellingham – 10-13-08

  1. Irene says:

    Interesting information, but you spelled absorption 3 different ways.

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