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 $534,203 Days on the market 116
Median List Price $400,000 Days on the market 74
| Price Range | Active Listings | Monthly Absorption Rate | Pending Past week | Months to sell Current Inventory | |
| Up to $199,999 | 32 | 6.1 | 5 | 5.2 | |
| 200,000-299,999 | 126 | 28.4 | 7 | 4.5 | |
| 300,000-399,999 | 101 | 15.8 | 5 | 6.4 | |
| 400,000-499,999 | 82 | 7.8 | 3 | 10.5 | |
| 500,000-599,999 | 59 | 3.5 | 2 | 16.9 | |
| 600,000-699,999 | 29 | 2.1 | 3 | 13.8 | |
| 700,000-799,999 | 23 | .7 | 0 | 32.8 | |
| 800,000-899,999 | 16 | .8 | 0 | 20 | |
| 900,000-999,999 | 12 | 0.5 | 0 | 24 | |
| 1,000,000-1,999,999 | 39 | 0.6 | 65 | ||
| 2,000,000+ | 6 | .1 | 0 | 60 | |
| Totals | 527 | 67.1 | 26 | 7.9 |
It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.