manchester: 1st Quarter Absorption Rate for Manchester NH
- 04/06/09 04:35 AM
The City of Manchester has weathered the 1st quarter of this year and the information regarding its absorption rate is in, before I give that information out I want to explain quickly what the definition is for absorption rate. In short the absorption rate for a Town/City is the length of time it will take for the current inventory on the market to be absorbed . The magic number looked at by Realtors is 6 months, meaning if the market has a rate above 6 months the market is considered to be a Buyers Market. If the absorption rate is below the … (2 comments)
The City of Manchester has weathered the 1st quarter of this year and the information regarding its absorption rate is in, before I give that information out I want to explain quickly what the definition is for absorption rate. In short the absorption rate for a Town/City is the length of time it will take for the current inventory on the market to be absorbed . The magic number looked at by Realtors is 6 months, meaning if the market has a rate above 6 months the market is considered to be a Buyers Market. If the absorption rate is below the … (2 comments)
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