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 $503,999 Days on the market 105
Median List Price $379,450 Days on the market 69
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
Up to $199,999 |
22 |
3.8 |
0 |
5.8 |
|
200,000-299,999 |
215 |
37.9 |
11 |
5.7 |
|
300,000-399,999 |
147 |
24.1 |
3 |
6.1 |
|
400,000-499,999 |
100 |
12.2 |
3 |
8.2 |
|
500,000-599,999 |
53 |
4.5 |
1 |
11.7 |
|
600,000-699,999 |
40 |
2.6 |
1 |
15.3 |
|
700,000-799,999 |
34 |
1.8 |
1 |
18.9 |
|
800,000-899,999 |
20 |
1.8 |
0 |
11.1 |
|
900,000-999,999 |
14 |
.8 |
0 |
17.5 |
|
1,000,000-1,999,999 |
42 |
1.3 |
1 |
32.3 |
|
2,000,000+ |
7 |
.1 |
0 |
70 |
|
Totals |
694 |
90.9 |
20 |
7.6 |