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 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 $520,382 Days on the market 117
Median List Price $397,500 Days on the market 69
| Price Range | Active Listings | Monthly Absorption Rate | Pending Past week | Months to sell Current Inventory | |
| Up to $199,999 | 29 | 5.2 | 5 | 5.6 | |
| 200,000-299,999 | 130 | 28.8 | 11 | 4.5 | |
| 300,000-399,999 | 86 | 16.7 | 7 | 5.1 | |
| 400,000-499,999 | 61 | 8.7 | 1 | 7.0 | |
| 500,000-599,999 | 46 | 3.4 | 0 | 14.8 | |
| 600,000-699,999 | 37 | 2.5 | 0 | 14.8 | |
| 700,000-799,999 | 21 | .7 | 1 | 30.0 | |
| 800,000-899,999 | 16 | .9 | 1 | 17.8 | |
| 900,000-999,999 | 11 | 0.4 | 0 | 27.5 | |
| 1,000,000-1,999,999 | 37 | 0.7 | 0 | 52.9 | |
| 2,000,000+ | 5 | .1 | 0 | 50.0 | |
| Totals | 513 | 67.7 | 25 | 7.5 |
It still looks like a buyers market under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.