First Quarter Real Estate Absorbtion Rate Indicates Londonderry NH Remains A Buyers Market

Chris BontaMay 17th, 2009
by Chris Bonta

At the end of 2008 Londonderry’s absorption rate was 7.19 months, which means that it would take 7.19 months to sell the current real estate inventory on the market. If the absorption rate is above 6 months the market is considered to be a buyer’s market. The end of year absorption rate showed that Londonderry was firmly in the grips of the buyer’s market and even though the town fared better than its neighbors or the county the market for sellers was less than ideal.

Now that the 1st quarter has ended, the newest numbers show that Londonderry has slightly moved even more into a buyer’s market. Londonderry’s absorption rate is now at 7.68 months.  Knowing what length of time it might take your property to sell is very important, and the absorption rate of a town is key to knowing where to price your property and how long it may take to sell. Londonderry’s absorption rate reflects the continued trend of a buyer’s market and therefore if you are selling your house or thinking of selling it, you need to keep in mind that the market is still very soft for sellers.

When marketing your property it is always important to be aware of current market trends. If you are considering selling your home, you need to have someone with the expertise and experience to help you navigate the ever changing waters of the real estate market.

Based on information from Northern New England Real Estate Network, Inc. for the period January 1, 2009 to April 30, 2009.

Contributed by Christopher Bonta, Bean Group

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