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
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past 30 days |
Months to sell Current Inventory |
|
Up to $150,000 |
2 |
.9 |
0 |
2.2 |
|
150,000-200,000 |
17 |
5.1 |
2 |
3.3 |
|
200,000-300,000 |
195 |
39 |
12 |
5 |
|
300,000-400,000 |
187 |
32.8 |
7 |
5.7 |
|
400,000-500,000 |
106 |
14 |
6 |
7.5 |
|
500,000-600,000 |
51 |
6.5 |
1 |
7.8 |
|
600,000-700,000 |
39 |
2.7 |
2 |
14.4 |
|
700,000-800,000 |
29 |
2.7 |
0 |
10.7 |
|
800,000-900,000 |
23 |
2.2 |
1 |
10.9 |
|
900,000-1,000,000 |
14 |
.8 |
0 |
17.5 |
|
1,000,000-2,000,000 |
28 |
1.7 |
0 |
16.4 |
|
2,000,000+ |
7 |
.34 |
0 |
20.5 |