Are Home Prices Going Up?
I’m sure you’ve heard on the news how prices and sales are going up nationwide. It is even true for the state of NH when all sales are taken into account. I hear the seacoast and southern part of the state are hopping. However, all markets are local, and looking at our area statistics, we have yet to experience a significant upswing in activity. The data below shows sales are even or a little ahead of 2012 YTD. New London - Currently 92 Homes for Sale 2013 36 Sold 92% of Asking 164 Ave. Days on Market (DOM) 2012 33 Sold 95% 209 DOM Newbury- Currently 63 Homes for Sale 2013 24 Sold 91% 156 DOM 2012 19 Sold 95% 124 DOM Sunapee – Currently 77 Homes for Sale 2013 30 Sold 92% 209 DOM 2012 30 Sold 93% 176 DOM Our market is moving in the right direction; just not as quickly as other parts of the state. Bottom line, buyers should be taking advantage of the low prices and low rates NOW! Sellers – do not overprice – it is still a buyers’ market! Contact me to work with a REALTOR® who understands how the market impacts you. Donna Forest, Broker Associate, 603-526-4116 donna@donnaforest.com; www.donnaforest.com Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate