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 $493,975 Days on the market 105
Median List Price $371,230 Days on the market 69
|
Price Range |
Active Listings |
Monthly Absorbtion Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
Up to $199,999 |
19 |
3.9 |
0 |
4.9 |
|
200,000-299,999 |
200 |
38.3 |
11 |
5.2 |
|
300,000-399,999 |
146 |
25.8 |
7 |
5.7 |
|
400,000-499,999 |
96 |
13.0 |
1 |
7.4 |
|
500,000-599,999 |
46 |
4.9 |
1 |
9.4 |
|
600,000-699,999 |
41 |
2.5 |
1 |
16.4 |
|
700,000-799,999 |
30 |
2.1 |
1 |
14.3 |
|
800,000-899,999 |
17 |
1.8 |
0 |
9.4 |
|
900,000-999,999 |
12 |
.8 |
0 |
15 |
|
1,000,000-1,999,999 |
36 |
1.5 |
0 |
24 |
|
2,000,000+ |
5 |
.1 |
0 |
50 |
|
Totals |
648 |
95.8 |
22 |
6.8 |