Absorption Rates for Bellingham – 11-24-08

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

29

4.0

3

7.3

 

200,000-299,999

126

33.8

12

3.7

 

300,000-399,999

114

18.5

2

6.2

 

400,000-499,999

76

10.1

2

7.5

 

500,000-599,999

41

3.8

1

10.8

 

600,000-699,999

42

2.9

0

14.5

 

700,000-799,999

22

1.3

0

16.9

 

800,000-899,999

17

1.1

0

15.6  

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

524

77.4

20

6.8

 
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