The real estate market today seems to be a mixture of news.  I checked our Multiple Listing Service for the number of houses sold from January to September 1^st and compared them to last year in the 9 area towns.  Sales have actually increased by 9% – 152 sold homes in 2010, 139 solds in 2009.  The average days on market haven’t seen much change; it takes roughly about 5 months to sell a house (keep in mind that is an average – some take longer, some take less time).   And so far, homes are selling for an average of 91% of their asking price – same as last year.   If sales activity mimics ‘09, this year may end up ahead of 2009 as the last two quarters in 2009 had the highest number of sales.  The tempering factor is that right now there are 484 houses on the market.  Basically there is a 2 year supply of homes to sell. The good news?  We‘re making slow but steady progress.   Fortunately, with NH’s lower unemployment rate and more stable economy, our state is poised to take advantage of market increases when they happen.  And for buyers, it’s still a great time to be buying with the wide range of choices and low interest rates.  If you’d like to know how sales are doing in your specific town, feel free to contact me!

Donna Forest

603-526-4116