We’ve been calculating the absorption rates for some of our local towns. Sandown is a small town but the absorption rate is that of a much larger town.
Calculating the rate for the entire town of Sandown with no price range and not including condos and land shows 19 + months of inventory. Which is a little better than last Nov (2007) when there was a 23 month supply. While far from a balanced market the numbers are going down. Some it is a seasonal decline as people often times remove their home from the market during the holidays.
Sandown NH Absorption rate 2008
Running the numbers using a price range $250,000 to $300,000 changes the numbers slightly but it you look back to Nov of 2007 there is a significant difference. Interesting to note that last year there were a lot less homes on the market that this year in this price range.
*All reports are published Dec. 2008, based on data available at the end of Nov. 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.
NH Real Estate Professionals Jay and Monika McGillicuddy
Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.
Jay and Monika McGillicuddy, NH REALTORS
603-944-9172 direct
E-mail Jay and Monika
Prudential Verani Realty
603-926-3648 office
About Monika McGillicuddy
Comments
Powered by Facebook Comments