Absorption rate is average number of homes sold per month over a particular period of time, I am using one year. 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 $527,764 Days on the market 126
Median List Price $399,000 Days on the market 109
|
Price Range |
Active Listings |
Monthly Absorption Rate |
Pending Past week |
Months to sell Current Inventory |
|
|
|
|
|
|
|
|
|
Up to $199,999 |
24 |
4.2 |
4 |
5.7 |
|
|
200,000-299,999 |
124 |
33.3 |
6 |
3.7 |
|
|
300,000-399,999 |
111 |
18.2 |
1 |
6.1 |
|
|
400,000-499,999 |
75 |
9.8 |
2 |
7.7 |
|
|
500,000-599,999 |
39 |
3.4 |
1 |
11.5 |
|
|
600,000-699,999 |
43 |
2.8 |
0 |
15.4 |
|
|
700,000-799,999 |
21 |
1.1 |
0 |
19.1 |
|
|
800,000-899,999 |
17 |
1.0 |
0 |
17.0 | |
|
900,000-999,999 |
15 |
.9 |
0 |
16.7 |
|
|
1,000,000-1,999,999 |
34 |
.8 |
1 |
42.5 |
|
|
2,000,000+ |
5 |
.1 |
0 |
500 |
|
|
Totals |
509 |
75.4 |
15 |
6.7 |