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 $528,533 Days on the market 117
Median List Price $399,900 Days on the market 70
| Price Range | Active Listings | Monthly Absorption Rate | Pending Past week | Months to sell Current Inventory | |
| Up to $199,999 | 26 | 6 | 5 | 4.3 | |
| 200,000-299,999 | 140 | 28.2 | 14 | 5.0 | |
| 300,000-399,999 | 97 | 16.3 | 7 | 6.0 | |
| 400,000-499,999 | 71 | 8.1 | 2 | 8.8 | |
| 500,000-599,999 | 54 | 3.5 | 0 | 15.4 | |
| 600,000-699,999 | 38 | 2.5 | 0 | 15.2 | |
| 700,000-799,999 | 23 | .7 | 1 | 32.8 | |
| 800,000-899,999 | 17 | .8 | 0 | 21.3 | |
| 900,000-999,999 | 10 | 0.5 | 0 | 20.0 | |
| 1,000,000-1,999,999 | 37 | 0.6 | 0 | 61.7 | |
| 2,000,000+ | 7 | .1 | 0 | 70.0 | |
| Totals | 520 | 67.1 | 26 | 7.7 |
It still looks like a buyers market under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.