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 $536,061 Days on the market 118
Median List Price $409,000 Days on the market 76
| Price Range | Active Listings | Monthly Absorption Rate | Pending Past week | Months to sell Current Inventory | |
| Up to $199,999 | 30 | 6.1 | 2 | 4.9 | |
| 200,000-299,999 | 118 | 28.4 | 14 | 4.2 | |
| 300,000-399,999 | 83 | 15.8 | 11 | 5.3 | |
| 400,000-499,999 | 71 | 7.8 | 5 | 9.1 | |
| 500,000-599,999 | 63 | 3.5 | 5 | 18 | |
| 600,000-699,999 | 35 | 2.1 | 0 | 16.6 | |
| 700,000-799,999 | 20 | .7 | 0 | 28.5 | |
| 800,000-899,999 | 17 | .8 | 1 | 21 | |
| 900,000-999,999 | 10 | 0.5 | 0 | 20 | |
| 1,000,000-1,999,999 | 46 | 0.6 | 1 | 76.7 | |
| 2,000,000+ | 7 | .1 | 0 | 70 | |
| Totals | 525 | 67.1 | 38 | 7.8 |
It still looks like a buyers market under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.