Despite our tough winter, home sales are up 28% in the 10 local towns in the first 5 months as compared to the same time in 2014. The average days on market is 169 days and statewide, the median price is up 7% from last year. While our data shows a 5% increase, I believe some of that can be attributed to the higher number of lake sales with 2 sales at $2M+. Nonetheless, it’s encouraging to finally see upward movement in our market.
Newbury – 64 Currently for Sale
1/1 -6/1/14 6 Solds 140 Days on Market (DOM)
1/1-6/1/15 17 Solds 230 DOM
New London – 81 Currently for Sale
1/1 -6/1/14 26 Solds 169 DOM
1/1-6/1/15 20 Solds 109 DOM
Sunapee – 68 Currently for Sale
1/1 -6/1/14 13 Solds 182 DOM
1/1-6/1/15 13 Solds 88 DOM
A recent Pulsenomics survey of housing experts predicts US home values to level off in the next few years with a 4.3% rise in 2015 and an average annual growth rate through 2019 of 3.6%. In other words, buyers, it’s time to get off the fence if you are thinking about buying as home prices and interest rates are predicted to only go up. If you are looking to buy or sell, contact me to work with a local expert! 603-526-4116, email@example.com, www.donnaforest.com
Figures are based on information from the Northern New England Real Estate Network, Inc. for the period 1/1/14 thru 6/1/14 and 1/1/15 thru 6/1/15.
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