Salem NH Absorption Rate

Salem NH real estate market absorption rate. The chart below is from Sept 2007 to Oct 2008 and reflects the entire inventory of homes in all price ranges currently on the market in Salem. There is currently a 21.3 month supply on the market… I know that sounds very scary but If you narrow it down to a specific price range of $250-$300 there is only a 12 month supply. That means if you have a home in that price range you can expect it to take about a year to sell (ouch). Please don’t shoot the messenger…

Salem NH Absorption rate homes priced in the 250,000 to 300,000

*All reports are published Nov. 2008, based on data available at the end of Oct. 2008.
All reports presented are based on data supplied by the Massachussets Real Estate and New Hampshire Real Estate or their MLS. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Jay and Monika McGillicuddy

Prudential Verani Realty