The end of the year has come for the Town of Windham and a new one has started. How did the Town fair this past year when it comes to Selling homes within the Town, the answer lies with the absorption rate. In previous posts I have explained that the absorption rate for a Town is simply the amount of time it will take for the market to absorb the current inventory of property that is on the market. Most Realtors agree that an absorption rate of over 6 months places you into a Buyers Market, one that is below 6 months places you into a Sellers Market.
The Town of Winham experienced ups and downs with its rate, going from highs of over 10 months to its lowest number of 7.87 months in September. The end of 2008 showed that the Town is still struggling with a rather strong Buyers Market. The absorption rate for Windham ended up at 9.44 months, which is up from the September rate of 7.87 months. Homeowners in Windham should consider this information strongly when they are considering marketing their property. Placing your home at the higher end of your price range or over its price range will most likely cause you to have a home that is not going to be marketable.
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.