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 $527,001 Days on the market 126
Median List Price $399,000 Days on the market 77
| Price Range | Active Listings | Monthly Absorption Rate | Pending Past week | Months to sell Current Inventory | |
| Up to $199,999 | 26 | 5.1 | 4 | 5.1 | |
| 200,000-299,999 | 127 | 30.5 | 19 | 4.1 | |
| 300,000-399,999 | 100 | 16.7 | 10 | 6.0 | |
| 400,000-499,999 | 67 | 8.7 | 4 | 7.7 | |
| 500,000-599,999 | 44 | 3.1 | 4 | 14.2 | |
| 600,000-699,999 | 33 | 2.3 | 1 | 14.3 | |
| 700,000-799,999 | 27 | .9 | 0 | 30.0 | |
| 800,000-899,999 | 14 | .9 | 0 | 15.6 | |
| 900,000-999,999 | 10 | 0.5 | 0 | 20 | |
| 1,000,000-1,999,999 | 34 | 0.8 | 0 | 42.5 | |
| 2,000,000+ | 6 | .1 | 0 | 60.0 | |
| Totals | 488 | 69.5 | 42 | 7.0 |
It still looks like a buyers market ,under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.