Here are some interesting statistics I have begun compiling.
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.
Absorbtion Rates for Bellingham
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending This Week |
Months to sell Current Inventory |
|
Up to $250,000 |
86 |
24 |
2 |
6.5 |
|
250,000-300,000 |
128 |
25 |
4 |
3.6 |
|
300,000-400,000 |
193 |
32 |
2 |
6 |
|
400,000-500,000 |
112 |
14 |
2 |
8.2 |
|
500,000-600,000 |
53 |
6 |
1 |
8.7 |
|
600,000-700,000 |
38 |
3 |
2 |
14 |
|
700,000-800,000 |
31 |
3 |
1 |
11.5 |
|
800,000-900,000 |
21 |
2 |
1 |
9.5 |
|
900,000-1,000,000 |
14 |
1 |
0 |
14 |
|
1,000,000-2,000,000 |
28 |
2 |
0 |
16 |
|
2,000,000+ |
7 |
.2 |
0 |
35 |