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 $515,014 Days on the market 118
Median List Price $390,000 Days on the market 70
| 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 | 141 | 28.8 | 14 | 4.9 | |
| 300,000-399,999 | 98 | 16.7 | 7 | 5.9 | |
| 400,000-499,999 | 67 | 8.7 | 2 | 7.7 | |
| 500,000-599,999 | 49 | 3.4 | 0 | 14.4 | |
| 600,000-699,999 | 40 | 2.5 | 0 | 14.8 | |
| 700,000-799,999 | 20 | .7 | 1 | 28.5 | |
| 800,000-899,999 | 17 | .9 | 0 | 18.8 | |
| 900,000-999,999 | 10 | 0.4 | 0 | 25.0 | |
| 1,000,000-1,999,999 | 37 | 0.7 | 0 | 52.9 | |
| 2,000,000+ | 5 | .1 | 0 | 50.0 | |
| Totals | 519 | 67.7 | 26 | 7.7 |
It still looks like a buyers market under $400.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.