In Andover, Massachusetts, we are seeing the signs of a strong Fall market. Buyer inquiries as we measure them are up 12% so far in September. The latest absorption rates thru all price ranges are showing 6.71 months worth of inventory. Buyer demand seems pent up, based on conversations with buyers looking for new inventory to shop. Days on market for those properties that are now under agreement are down by 11%.
How do the these compare with your market? If we can keep an eye on the spreading positive markets and the price segments that are showing strength, we can build referrals for each other.
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