How Long Will It Take to Sell Your Home in Sharon MA?

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Real Estate Agent with RE/MAX Executive Realty Norfolk County MA REALTOR

How Long Will It Take to Sell Your Home in Sharon MA?

crystal ballEvery seller wants to know, "How long will it take to sell my home?" and "How much can I sell it for?"

One of the important pieces of information that I can give a client is an understanding of the current inventory of homes for sale.

Why is this important? The amount of inventory is a good indicator of supply and demand. When there are fewer homes for sale, buyers may act more quickly. If there are many homes for sale, buyers want to see more of them before they make a decision. This information is important for the sellers to have as they consider my recommendations for pricing and preparing their home to sell. scales

One aspect of this is understanding how much time it will take for the current inventory to disappear, or be "absorbed", at the current rate of sales, if no other homes for sale come on the market. This is called the "absorption rate". Absorption rate is a good indicator of how fast homes are selling.

In Sharon MA the current absorption rate is 5.5 months. Here's how it's calculated:

Calculating absorption rate in Sharon MA

 

In other words, 48 homes sold in the last 3 months at a rate of 1 every 1.87 days, or 16 per month. With 89 houses to sell, it will take 5.56 months to sell the current inventory.

Here's what that means for sellers: At this rate of absorption a seller has an 18% chance of selling in the next 30 days, close to a 1 out of 5 chance. So while one of five homes is expected to sell in the next month, 4 out of 5 will not. Important information for sellers to consider when thinking about pricing their home to sell.

Get your house sold with Nina Rogoff RE/MAX Executive Realty 781-253-3385For more information about the Sharon Real Estate Market, please call Nina Rogoff at 781-883-3764. If you are thinking of selling your home in Sharon, MA call for a Free Market Analysis of your home.

 


 

 

 

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Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

hi nina, good stats in your area and has become a sellers market...you are fortunate if this continues ...data here has us at 10 months which is not good!

Jul 22, 2011 12:37 AM #1
Rainmaker
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Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Selling Norfolk County Homes

Hi, Ginny...what a great opportunity for buyers in your area! Love to have a home on the ocean!!

Jul 22, 2011 02:37 AM #2
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Rainmaker
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Nina Rogoff

Selling Norfolk County Homes
What is my Norfolk County home worth??
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