Absorption Rates for Bellingham – 2-23-09

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 $531,391  Days on the market 130

Median List Price $397,000    Days on the market 99

Price Range

Active Listings

Monthly Absorption Rate

Pending Past week

Months to sell Current Inventory

 

 

 

 

 

 

 

Up to $199,999

26

4.9

2

5.3

 

200,000-299,999

113

31.3

13

3.6

 

300,000-399,999

101

17.4

6

5.8

 

400,000-499,999

67

9.3

4

7.2

 

500,000-599,999

39

3.2

1

12.2

 

600,000-699,999

30

2.4

2

12.5

 

700,000-799,999

22

.9

0

24.4

 

800,000-899,999

13

.9

1

14.4  

900,000-999,999

9

0.8

0

11.3

 

1,000,000-1,999,999

34

0.8

0

42.5

 

2,000,000+

6

.1

0

60.0

 

Totals

460

72

29

6.4

 

It still looks like a buyers market ,under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.

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One Response to Absorption Rates for Bellingham – 2-23-09

  1. Mike says:

    Just passing by.Btw, you website have great content!

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    Don’t pay for your electricity any longer…
    Instead, the power company will pay YOU!

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