I was on a showing yesterday with some dear clients of mine and their father. The father mentioned he had been reading my blog this week and brought up the market updates I occasionally prepare. That got me thinking that I should revisit the market statistics now that Summer has come and gone. Maybe we could see some trends.
An absorption rate of anything over 6 months indicates a buyer’s market and anything under 5 months, a seller’s market. On the chart we can see the trend for Berwick, South Berwick and Kittery is toward a seller’s market while Eliot is trending toward a buyer’s market. They are all indicating the current market is still a buyer’s market, though.
If you’ve ever thought about living in Southern Maine, contact me at www.NicholeFecteau.com as your local Realtor or search for homes at http://Nichole.BestSeacoastHomes.com. Follow me on Facebook by looking up my business page: NicholeFecteauRealtorAtKellerWilliamsCoastalRealty