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.
This is a very interesting way to look at the market, as of today:
Average List Price $533,046 Days on the market 111
Median List Price $397,500 Days on the market 88
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
Up to $199,999 |
33 |
3.8 |
2 |
8.6 |
|
200,000-299,999 |
155 |
34.0 |
8 |
4.5 |
|
300,000-399,999 |
119 |
19.1 |
9 |
6.2 |
|
400,000-499,999 |
83 |
10.8 |
1 |
7.7 |
|
500,000-599,999 |
47 |
3.9 |
0 |
12.1 |
|
600,000-699,999 |
43 |
3.3 |
0 |
14.3 |
|
700,000-799,999 |
27 |
1.4 |
0 |
19.2 |
|
800,000-899,999 |
17 |
1.1 |
0 |
15.4 |
|
900,000-999,999 |
15 |
1.0 |
0 |
15 |
|
1,000,000-1,999,999 |
42 |
.8 |
0 |
52.5 |
|
2,000,000+ |
8 |
.1 |
0 |
80 |
|
Totals |
589 |
79.3 |
20 |
7.4 |
Thanks
Interesting information, but you spelled absorption 3 different ways.