A new year is upon us and the 1st quarter of 2009 has closed, so how did Windham do in this 1st quarter. The absorption rate for the Town ended at 7.46 months, which means that it will take that many months for the market to absorb the current inventory of properties that are out there.
Windham ended last year with an absorption rate of 9.44 months, so the good news is that our rate has dropped by two months. The not so good news is that the rate is still very high, if the absorption rate is above 6 months the market is considered to be a Buyer's Market. Also, the Towns rate is approximately the same as it was for 2008, which was a very slow market and remained a declining market, so if you are a Seller what do you make of all of this. The main point is that pricing is key to selling your property, along with how it is being marketed. I property being placed $5k- to $10k over where it should be priced is most likely not going to sell, so even if the marketing is great you will end up being an expired listing.
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.
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