Absorption rate is the rate at which homes are sold in a specific real estate market during a given time period. There are only a certain number of houses that will sell in any market > 

means the market will absorb 3 houses per month on average. If there are 72 homes for sale, there is a 2 year supply. A 6 month supply is a balanced market; less is a sellers’ market and more is a buyers’ market. New London, for example, currently has an 11 month supply of homes to sell. Sellers need to know the absorption rate in their market area and price accordingly. If it is more than a 6 month supply, sellers should be positioning their house to be the best value on the market – for price and condition. Contact me if you want to work with a REALTOR® who can help you best position your house in the market! 603-526-4116, www.donnaforest.com.

Donna Forest, Broker Associate, ABR

Known for service, trusted for results – Coldwell Banker Milestone Real Estate.