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 $493,159 Days on the market 106
Median List Price $379,000 Days on the market 71
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
Up to $199,999 |
18 |
3.9 |
0 |
4.6 |
|
200,000-299,999 |
180 |
38.3 |
7 |
4.7 |
|
300,000-399,999 |
136 |
25.8 |
5 |
5.2 |
|
400,000-499,999 |
98 |
13.0 |
2 |
7.5 |
|
500,000-599,999 |
46 |
4.9 |
1 |
9.4 |
|
600,000-699,999 |
44 |
2.5 |
1 |
17.6 |
|
700,000-799,999 |
32 |
2.1 |
1 |
15.2 |
|
800,000-899,999 |
16 |
1.8 |
0 |
8.9 |
|
900,000-999,999 |
10 |
.8 |
0 |
12.5 |
|
1,000,000-1,999,999 |
32 |
1.5 |
0 |
21.3 |
|
2,000,000+ |
5 |
.1 |
0 |
50 |
|
Totals |
617 |
95.8 |
17 |
6.4 |