Absorption Rates for Bellingham – 11-17-08

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 $532,583 Days on the market 121

Median List Price $399,000 Days on the market 101

Price Range

Active Listings

Monthly Absorption Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

 

 

Up to $199,999

30

4.0

3

7.5

 

200,000-299,999

128

33.8

7

3.8

 

300,000-399,999

116

18.5

2

6.3

 

400,000-499,999

73

10.1

0

7.2

 

500,000-599,999

40

3.8

1

10.5

 

600,000-699,999

41

2.9

1

14.1

 

700,000-799,999

26

1.3

0

20

 

800,000-899,999

18

1.1

0

16.4  

900,000-999,999

16

.9

0

17.8

 

1,000,000-1,999,999

36

.8

0

45.0

 

2,000,000+

6

.1

0

60

 

Totals

530

77.4

14

6.9

 
Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s