Nina Rogoff's Insights on Sharon Real Estate and More!: February 2013

It's a Sellers' Market in Sharon MA

It's a sellers's market in Sharon MAIt's a Sellers' Market in Sharon MA

You may have heard the terms "Sellers' Market" or "Buyers' Market". We look at how long it will take to sell the current inventory of homes if no new listings come on the market and market conditions do not change. This is also called "Absorption Rate".

Here's how we calculate Absorption rate.

First, we determine the rate at which homes are selling in a specific time period. For example, between November 1, 2012 and January 31, 2013 (92 days) there were 51 single family homes sold in Sharon that were listed in the Multiple Listing Service. Divide 92 51 to get the rate at which homes sold in this period. 92 51=1.8 That means that it takes less than 2 days on average to sell a home in Sharon MA.

Second, we take the number of "Active" homes for sale, which at the end of January 2013 was 41 homes listed for sale, and multiply that by the rate at which homes are selling. 41 x 1.8 = 73.8 days. Now, convert this number to months: 73.8 30 days per month = 2.46 months. We can round up to 2.5 and say that the absorption rate in Sharon MA is 2.5 months.

A balanced market is when the absorption rate is typically between 5-7 months. Anything below that is considered a "Sellers' Market" and above that, a "Buyers' Market". It's a Sellers' Market in Sharon MA right now because we only have 2.5 months of inventory.

In a Sellers' Market, there is less inveCall Nina Rogoff RE/MAX Executive Realty 781-883-3764 to get your home sold in Sharon MAntory and more demand. As we head into the Spring market, this is an excellent time for Sellers to list their homes for sale. Buyers are eagerly looking to buy in Sharon MA. This means there will be competition for homes that are priced properly and in good condition.

If you want to sell your home in Sharon MA and would like to know the market value, call me for a Free Market Analysis. With my marketing plan and proper pricing I can get your home sold! It's a sellers' market in Sharon MA...what a great time to list your home for sale!

Nina Rogoff RE/MAX Executive Realty 781-883-3764 Top Listing Agent in Sharon MA

 

 

For more on the Sharon MA Real Estate Market you may be interested in reading:

Sharon MA 2012 Real Estate Market in Review

Sharon MA Real Estate Market Update January 2013

Sharon MA Real Estate Market Report February 2013

What Your Current Real Estate Agent is NOT Telling You in Sharon MA

Condominium Real Estate Market Report for Sharon MA

Comment balloon 7 commentsNina Rogoff • February 26 2013 10:04PM
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