Housing Market Remains Positive
Good news – homes sales January through June in the 10 area towns combined are up 9.2% from last year for the same time period (170 homes sold in 2015 vs. 156 homes in 2014). The average selling price inched up about 1% and the average days on market increased from 143 days in 2014 to 169 days in 2015. Not all towns are seeing sale increases at this point, however overall, the market is moving in the right direction. For example, Newbury has 20 home sales this year as compared to 11 in 2014, Sunapee has 20 home sales as compared to 18 last year, while New London has seen a decrease with 25 home sales this year compared to 42 in 2014. The most recent report from New Hampshire REALTORS® show statewide sales are up 4.5% January-May and the median price up 6.2%. At that time, all but Merrimack County saw median price increases. So what does this mean? Essentially, our area is still in a buyers' market with more homes to sell than there are buyers. Homes properly priced and prepared for the market will have a better chance of selling this year compared to previous years. With low interest rates and prices holding steady at this point, buyers still have great buying opportunities. It is a unique market with pluses for both buyers and sellers. Contact me if you want to take advantage of being a buyer or seller! 603-526-4116, donna@donnaforest.com, www.donnaforest.comFigures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/14 through 6/30/14 and 1/1/15 through 6/30/15.