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 Dec 1, there are 51 Residential Homes for sale in Litchfield, NH.
For the month of November 4 Residential Homes sold in Litchfield, NH.
So, taking the 1 month sales of 4 units for November, and dividing it into the total inventory of 51 we get 12.75.
That number 12.75 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. 12.75 indicates that a buyers market exists in Litchfield. This is an improvement from the numbers in October when there was 17 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
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