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 $521,594 Days on the market 111
Median List Price $389,000 Days on the market 73
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
Up to $199,999 |
25 |
3.8 |
0 |
6.6 |
|
200,000-299,999 |
183 |
35.7 |
12 |
5.1 |
|
300,000-399,999 |
158 |
21.9 |
7 |
7.2 |
|
400,000-499,999 |
100 |
12.0 |
2 |
8.3 |
|
500,000-599,999 |
54 |
4.3 |
2 |
12.5 |
|
600,000-699,999 |
43 |
3.3 |
0 |
13.0 |
|
700,000-799,999 |
29 |
1.6 |
2 |
18.1 |
|
800,000-899,999 |
19 |
1.4 |
1 |
13.5 |
|
900,000-999,999 |
16 |
.8 |
0 |
20.0 |
|
1,000,000-1,999,999 |
43 |
.9 |
2 |
47.8 |
|
2,000,000+ |
8 |
.1 |
0 |
80 |
|
Totals |
679 |
85.6 |
27 |
7.9 |