Londonderry NH 3rd Quarter Results

As we enter the Fall market and head into the final stretch of the
2009 Real Estate year I decided that it would be a good idea to look
at the Absorption Rate for Londonderry in three categories. The first is
to see what is the Towns overall absorption rate (for an explanation
of absorption rates go to www.chris-bonta.com) is, second I wanted to
see the rate for Residential only and third to look at the rate for
Condominiums.

Although news regarding real estate has been more positive lately, our
market continues to be weak, a good indicator of this is the fact
that appraisers still consider Rockingham County to be in a declining
value state. In calculating the absorption rate for Londonderry I looked
at properties between $50,000 up to $600,000, and what I found is
that the Towns market continues to be weak. The overall
absorption rate for the Town came in at 8.6 months and the average
days on the market for Residential properties was 142 and for
Condominiums it was 154. The break down of the absorption rate
between Residential and Condominium does show that the Condo market is
doing slightly worse than the Residential market, the absorption rate for
Condos is 8.96 months compared to the Residential market rate of
8.1 months. The one ray of light for residents of the Town is that the
absorption rate
has remained steady (the second quarter rate was 8.59) and compared to
other Towns
Londonderry has a more vigorous market.

If you are thinking of selling your home or currently have your home
on the market you need to take a careful look at these figures and the
amount of days on the market the average property is spending.

Based on information from the Northern New England Real Estate
Network, Inc. for the period 10/01/2008 to 9/30/2009

Contributed by : Christopher Bonta, Sales Associate, Bean Group
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Christopher Bonta
Bean Group
www.chris-bonta.com
603-571-1466 Cell