1st Quarter Absorption rates for Londonderry NH

The 1st quarter has ended for Londonderry and it is time to see where the Town stands. At the end of 2008 Londonderry's absorption rate was 7.19 months, which means that it would take the market 7.19 months to absorb the current inventory on the market. As I have stated in previous posts, when 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 their neighbors or the County the market for Sellers was not good.

Now that the 1st quarter has ended, the newest numbers show that the Town has slightly moved even more into a Buyer's Market. The Towns absorption rate is now at 7.68 months. As I've spoken about in past posts, knowing what length of time it will 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 will take to sell.

When marketing your property it is always important to be aware of current market trends, any changes and how it may effect you. I have over 10 years of experience in Real Estate and I consider myself someone who can bring my experiences to assist any Seller in Marketing their property. 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, so call me so that I can assist you with your largest financial dealing.