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 $524,378 Days on the market 121
Median List Price $395,000 Days on the market 70
| Price Range | Active Listings | Monthly Absorption Rate | Pending Past week | Months to sell Current Inventory | |
| Up to $199,999 | 28 | 5.2 | 2 | 5.4 | |
| 200,000-299,999 | 130 | 28.8 | 9 | 4.5 | |
| 300,000-399,999 | 99 | 16.7 | 8 | 6.1 | |
| 400,000-499,999 | 57 | 8.7 | 4 | 6.6 | |
| 500,000-599,999 | 47 | 3.4 | 0 | 13.8 | |
| 600,000-699,999 | 33 | 2.5 | 0 | 13.2 | |
| 700,000-799,999 | 24 | .7 | 1 | 34.2 | |
| 800,000-899,999 | 16 | .9 | 1 | 17.8 | |
| 900,000-999,999 | 11 | 0.4 | 0 | 27.5 | |
| 1,000,000-1,999,999 | 35 | 0.7 | 0 | 50.0 | |
| 2,000,000+ | 5 | .1 | 0 | 50.0 | |
| Totals | 485 | 67.7 | 27 | 7.2 |
It still looks like a buyers market under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.