1st Quarter Absorption Rate for Manchester NH
By Christopher Bonta, Realtor, Integrity and Honesty
(The Bean Group)
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 6 month mark, then it is considered to be a Seller's Market. The City ended the 1st quarter of this year with an absorption rate of 6.76 months, which is good considering the market we are in and the rates for some of the Towns around Manchester. ...
Comments
2