Londonderry, NH

In every kind of market we have in Real Estate all Realtors and Consumers have to deal with the issue of what is a "Reasonable Offer". As a Buyer or Seller, do you know what your Realtor thinks is a reasonable offer? In most cases I would say Consumers and Realtors never discuss this issue prior to signing a Agency Contract and they probably don't even discuss it during the Contract time. In most cases what is a reasonable offer will only come up when either the Buyer is making an offer or the Seller is having to review an offer, it's at this point that this "sticky" issue can arise. This can not only put the Buyer and Seller at odds with each other, but can actually involve the Buyer/Seller Agent with their Client.

Everyone has their own definition of what is a reasonable offer to make or what is a reasonable offer to accept, and if your a Realtor (especially in this market) you should be discussing what your Client thinks is a reasonable offer. If you are not then when it's time to make an offer, you as the Buyer Agent may find that you have an unreasonable Buyer (in your opinion) and the same thing can happen on the Sellers side. So what do you do when things like this come up, the answer is to not allow them to happen. Communication is key to a successful transaction and as Realtors you should know what your Client considers as reasonable, if your a Buyer/Seller and your Realtor has not discussed this with you then now is the time to bring up the issue, so you know where he/she stands regarding this topic.

The Town of Londonderry had its own version of the hit TV series "Extreme Makeover" with Project Bernadette. The project came about when friends of Bernadette became aware of the plight she was in; never one to complain, it appeared no one who new Bernadette was aware that her house was in dire need of a make over.

This past weekend , after weeks of preparation and organization, Project Bernadette was launched. Many in the Town of Londonderry were organized into a huge volunteer force; included in the numbers were the Londonderry High School Football Team led by their Coach, The Londonderry Knights of Columbus out of St. Jude Parish and a host of individual caring people who also just wanted to help . During this past Saturday and Sunday new flooring was installed, carpeting put down, rooms painted, windows installed , an attic emptied, landscaping done and much, much more.

To say that working this weekend on project Bernadette was satisfying would be an understatement, everyone involved felt truly blessed to have been able to help this wonderful woman and her son make over their house and give them both a more livable place to call home. This project would never have been accomplished if it were not for the selfless dedication and determination of one person. Jean Manley a friend of Bernadette who, after finding out about the situation she was in, orgainized and managed the entire project. Jean Manley's dedication over the past few months to put together the needed volunteers was indispensible to the project. I personally want to thank Jean Manley for her selfless Christian act of giving, I also want to thank all the other volunteers who came out over this weekend and joined my wife and I (along with our oldest son Sean) to help make Project Bernadette the success that it was.

All residents in Londonderry have something to be proud of, since our High School has been named as the best High School for this year. James Elefante has been principal their for approximately 4years and is retiring in June, after decades of service to Londonderry, he formerly was principal at Mathew Thorton Elementary.

The naming of Londonderry High as the best in New Hampshire is an award that everyone from the Town Council, School Board and especially the residents of Londonderry can be proud of.

The news for Londonderry home owners trying to sell their houses, or thinking of selling their homes appears to be getting better. Today I calculated the absorption rate for Residential and Condominum properties in the Town. The absorption rate is a simple calculation to determine how long it will take the market to absorb the current amount of inventory that is for sale.

Inorder to calculate the absorbtion rate you take the total amount of solds for Residential and Condo's last year (344), and divide this by 12 to get a per month sold amount of 28.67. Then take the amount of Residential and Condo's that are activily on the market (189 listings) and divide this by the per month sold figure from 2007:

189 Current Listings divided by 28.67 solds per month = 6.5 months absorbtion rate.

The absorption rate of 6.5 months means that at this current time it will take approximately 6.5 months for the current market to absorb the listings that are currently on. When looking at absorbtion rates the general rule of thumb is that if the absorbtion rate is above 6 months, you are in a Buyers Market. If the number is below 6 months you are moving towards a Sellers Market. This current number of 6.5 means were still in a Buyers Market in Londonderry, but we are doing much better.

Inorder to put Londonderry's current market situation into perspective, currently the Town of Windham has a 9.72 absorption rate and Rockingham County's absorption rate is at 10.43. Sellers in Londonderry should take a lot of comfort in this number, since it shows that compared to the County we are doing fairly well.

**Absorption Rate figures based off of properties between $100,000 - $900,000**

The Market Absorption Rate is a theoretical means of measuring where the market is - are we in a buyers, or sellers market?

As of today January 6th, there are 94 Residential Homes for sale in Londonderry, NH.

For the month of December 8 Residential Homes sold in Londonderry, NH.

So, taking the 1 month sales figure of 8 homes for Deceember, and dividing it into the total inventory of 94 we get 11.75.

That number 11.75 represents the theoretical number of months of inventory that is currently on the market in Londonderry. A true Sellers Market would be indicated by less than 6 months of inventory. 11.75 means that in the month of December, it was a buyers market but not as much as in November.

Different conditions may exist at different price points.

Sept 2007 - 7.83

Oct 2007 - 8.13

Nov 2007 - 16

Dec 2007 - 11.75

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