Absorption Rates for Bellingham – 11-4-08

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 absorption rate, how long it will take to sell the current inventory at the said absorption rate.

This is a very interesting way to look at the market, as of today:

Average List Price $530,899  Days on the market 117

Median List Price $398,900  Days on the market 95

Price Range

Active Listings

Monthly Absorption Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

28

4.0

2

7.0

200,000-299,999

138

33.8

10

4.1

300,000-399,999

117

18.5

3

6.3

400,000-499,999

77

10.1

0

7.6

500,000-599,999

40

3.8

0

10.5

600,000-699,999

41

2.9

`1

14.1

700,000-799,999

25

1.3

0

19.2

800,000-899,999

16

1.1

0

              14.5

900,000-999,999

16

.9

0

17.8

1,000,000-1,999,999

38

.8

1

47.5

2,000,000+

6

.1

0

60

Totals

542

77.4

17

7.0

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2 Responses to Absorption Rates for Bellingham – 11-4-08

  1. sp0173d24 says:

    Where did you based your rates?

  2. Michael says:

    These stats come from Northwest Multiple Listing Service

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