Absorption Rates for Bellingham – 6-08-09

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 $536,016     Days on the market 119

Median List Price $409,975       Days on the market 75

Price Range Active Listings Monthly Absorption Rate Pending Past week Months to sell Current Inventory  
           
Up to $199,999 35 6.1 1 5.7  
200,000-299,999 120 28.4 15 4.2  
300,000-399,999 96 15.8 6 6.1  
400,000-499,999 77 7.8 4 9.9  
500,000-599,999 59 3.5 5 16.9  
600,000-699,999 35 2.1 1 16.6  
700,000-799,999 23 .7 0 32.8  
800,000-899,999 16 .8 0 20  
900,000-999,999 10 0.5 0 20  
1,000,000-1,999,999 39 0.6 2 65  
2,000,000+ 6 .1 0 60  
Totals 516 67.1 34 7.7  

It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.

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