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 absorbtion rate, how long it will take to sell the current inventory at the said absortion rate.
This is a very interesting way to look at the market, as of today:
Average List Price $495,977 Days on the market 106
Median List Price $387,000 Days on the market 68
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
Up to $199,999 |
15 |
3.9 |
0 |
3.8 |
|
200,000-299,999 |
163 |
38.3 |
12 |
4.3 |
|
300,000-399,999 |
127 |
25.8 |
8 |
4.9 |
|
400,000-499,999 |
96 |
13.0 |
2 |
7.4 |
|
500,000-599,999 |
39 |
4.9 |
0 |
8.0 |
|
600,000-699,999 |
43 |
2.5 |
2 |
17.2 |
|
700,000-799,999 |
29 |
2.1 |
0 |
13.8 |
|
800,000-899,999 |
15 |
1.8 |
0 |
8.3 |
|
900,000-999,999 |
12 |
.8 |
0 |
15 |
|
1,000,000-1,999,999 |
31 |
1.5 |
0 |
20.7 |
|
2,000,000+ |
5 |
.1 |
0 |
50 |
|
Totals |
608 |
95.8 |
25 |
6.3 |