Absorption Rates - June 2010 vs. 2011

The real estate market this spring has been unpredictable. In March, there seemed to be a lot of pent up demand and lack of inventory. The unusually snowy winter caused a delay in sellers getting their houses on the market. There were a lot of homes going under agreement but now it seems that listings are out pacing the number of buyers making offers. So, I decided to compare the inventory and absorption rate to this time last year and most towns have more inventory/and or fewer sales than a year ago. The tax credit helped drive sales last year so this is not too surprising. The towns that are selling slightly better than last year are Concord, Harvard, Sudbury, Stow, and Lancaster.

Under 4 months=seller's market, 5-7 mos. = balanced market
over 7 months = buyer's market

If you have any questions, or want more information, please contact me.
source:mlspin.com