Photos from William Moore
Londonderry Town Pound - located 1/2 mile north of Londonderry Middle School on Mammoth Road.Located in: Londonderry, NH
The Market Absorption Rate is a thetical measure used to illustrate where the market is - are we in a buyers, or sellers market?
As of today January 6, there are 44 Residential Homes for sale in Litchfield, NH.
For the month of December 8 Residential Homes sold in Litchfield, NH.
So, taking the 1 month sales of 8 units for November, and dividing it into the total inventory of 44 we get 5.5.
That number 5.5 represents the theoretical number of months of inventory that is currently on the market in Litchfield. A true Sellers Market would be indicated by less than 6 months of inventory. 5.5 indicates that a sellers market exists in Litchfield. This is a dramatic improvement from the numbers in October and November when there was 17 and 12.75 months of inventory.
Different conditions may exist at different price points. Stay tuned for more analysis as we dig deeper into the mysteries of the Real Estate Market and how to make well informed decisions when you think about buying or selling.
Month to Month Absorption Rate comparison
Sept 2007 - 12.2
Oct 2007 - 17
Nov 2007 - 12.75
Dec 2007 - 5.5
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