1024 Lake Avenue, Slip #13, Sunapee, NH 03782 | Offered at $275,000 | MLS #5042265
For More Information Contact:
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Marilyn KidderListing BrokerO 603-526-4116
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Every buyer wants to purchase at a great price and a low mortgage rate as that is a major factor in the monthly cost. Here’s how today’s buyers are being impacted:
Price – Based on a home price expectation survey released by Pulsenomics on April 15, more than 100 housing experts predict a 3.4% annual gain in US home values for 2025. Values are forecasted to increase 3.3% in 2026. The Fannie Mae survey expects that home prices will rise at least through 2029.
Mortgage Rates – The average fixed 30 yr. rate is 6.88% this week, according to Bankrate’s latest lender survey. Experts project rates could be in the mid-to-low 6% range by the end of the year as greater uncertainty unfolds in the economy.
If you're holding off on buying a home, hoping mortgage rates will drop, it's important to also consider where home prices are headed. Experts expect prices to keep rising — which means waiting could end up costing you more, even if rates improve. Buying now lets you start building equity sooner and take advantage of today’s market before prices climb higher.
Contact me if you would like expert advice on buying in today’s challenging market.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Single Family Residentials
Closed Sales: 240
+5.3% compared to Q1-2024
Median Sales Price: $485,000
+7.8% compared to Q1-2024
Days on Market: 35
+25.0% compared to Q1-2024
Condos
Closed Sales: 64
+28.0% compared to Q1-2024
Median Sales Price: $347,500
+10.3% compared to Q1-2024
Days on Market: 39
+25.8% compared to Q1-2024
Current as of April 5, 2025. All data provided by NHAR.
Whether you are buying or selling, we are the local experts… experienced agents who listen to our clients and know our marketplace. Our goal is to ensure that your real estate experience with The Best Team in Town surpasses all expectations! Get in touch! We’d love to make YOU our next success story!
18 The Seasons, New London, NH 03782 | Offered at $998,500 | MLS #5040794
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Marilyn KidderListing BrokerO 603-526-4116
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186 Iron Kettle Road, Warner, NH 03278 | Offered at $749,000 | MLS #5040423
For More Information Contact:
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Donna ForestAssociate BrokerM 603-731-5151
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The good news for buyers is the number of NH homes for sale is up 7.5% thru March compared to 2023. However, it is still a seller’s market as the demand for housing continues to exceed supply. The median selling price is up 7.4% at $510,000 vs. $475,000 in 2023. Homes sold at 99% of their asking price with an average of 41 days on the market, 9 days more than last year.
A more local snapshot from the 8 towns in our area shows that sales jumped 29% thru March, 48 solds vs. 37 solds in 2023. The median sales price increased 12.5% to $494,950 ($440,000 last year). Homes are selling around 100% of the asking price with an average of 44 days on the market.
You may be wondering if the volatile stock market or the potential for recession will lower home prices. Historical data doesn’t support this. Home prices usually follow whatever trajectory they’re already on. According to Cotality, home prices went up in 4 of the last 6 recessions. Also, a drop in the stock market doesn’t mean home prices go down. The stock market is more volatile. Home values tend to hold steady, even when stocks dip. And during 4 of the last 6 major stock declines, home prices actually went up.
Contact me if you want to know how current market conditions impact your buying or selling goals.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Buying a new home before selling your current one can be tricky. It usually requires having enough cash on hand and possibly managing two mortgages at once. While it's a challenge, here are some strategies to explore.
- List your house for sale subject to finding suitable housing - usually done with a time limit on how long you would have to find a new home.
- Sell your house with the contingency of leasing it back for a set period of time.
- Use the home equity from your current house.
- Take a loan out from your 401(k).
- Obtain a bridge loan.
There are pros and cons to these options and it's important to understand the financial impacts of each by talking to both your financial advisor and your Realtor.
Whether buying or selling, contact me to work with a Realtor® who can help you find the best option.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Retiring? Not me! I love my job and my team too much to retire! The challenges (new every day) and successes, the laughs and the mutual support keep me engaged and committed to providing the best buying or selling experience to our clients. It is fun and productive to share my nearly 40 years of experience with our team. Also, I so much enjoy having the opportunity to show newcomers the richness of our area. It’s a wonderful place that we live in, and it is so much fun to be continually reminded of that by seeing it freshly through the eyes of others. For me, the most important things in life are family, friends, traditions, community, and having a job that you love.
TESTIMONIAL: “Marilyn is professional, responsive, organized, calm and kind - all attributes I needed and valued. She definitely goes ‘above and beyond’. Her knowledge of the area is unsurpassed. There is no question that I would recommend Marilyn to friends who are interested in purchasing real estate in and around New London.” ~ Buyer, New London
Dreaming of warmer weather? Book a summer rental! Call Joan or Deb today for the best selection of dates and properties. Or visit our rental page!
The housing market is picking up. Most experts agree that spring is definitely the best time to sell. However, navigating today’s real estate market is challenging. Reach out to take advantage of our accumulated vast local expertise, experience, and insight.
We’d love to make YOU our next success story!
We also want you to know… to The Best Team in Town, YOU Are #1!