Absorption Rates for Bellingham – 11-10-08

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 $528,833 Days on the market 119

Median List Price $397,500 Days on the market 98

Price Range

Active Listings

Monthly Absorption Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

Up to $199,999

26

4.0

0

6.5

200,000-299,999

122

33.8

3

3.6

300,000-399,999

112

18.5

2

6.0

400,000-499,999

63

10.1

1

6.2

500,000-599,999

33

3.8

0

8.7

600,000-699,999

39

2.9

0

13.5

700,000-799,999

25

1.3

0

19.2

800,000-899,999

17

1.1

0

15.5

900,000-999,999

14

.9

0

15.6

1,000,000-1,999,999

36

.8

0

45.0

2,000,000+

6

.1

0

60

Totals

533

77.4

6

7.0

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