Recent Trends in the New Hampshire Real Estate Market

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We are here today with a market update for New Hampshire as we head into the 4th quarter of 2015. Before we get into our report, we wanted to make sure you have access to our 3rd Quarter Market Update document. You can take a look at that here, or download the full PDF here and it will give you all the details and statistics that are relevant to our market and important to your decision of buying or selling.

The third quarter was great for our market. Transactions were up 22%, median sale prices were up 6.3%. That’s great news for the 6,700 sellers that sold their home in the 3rd quarter this year.

On the Waterfront side of things, we are seeing similar trends. Waterfront home prices rose nearly 10%, while the average days on market dropped by 14.8%. The number of transactions also went up 9%. 

For the general market, the average days on market has dropped from 96 to 74 days. This is a great sign for home sellers.

Not everything can go up, sometimes things go down. We are starting to get ready for the potential of a shift in the market. We’ve been saying this for a while, but interest rates are going to rise. When they do rise, there will be some pressure felt by consumers as wages and jobs have not kept pace.

We are advising clients that are at all thinking about selling in the next year or two, to start thinking about getting their home ready for sale. Do some research into what it will take to sell your home, including how sellable it is. With winter coming, there are some outdoor preparation items you’ll want to take care of before it gets too cold and snowy out. Even if you aren’t sure about selling yet, it’s never too early to give us a call to have those discussions about getting your home prepared.

We would love to help anyone who is interested in buying or selling. We want to make sure you’re prepared, and to make sure you’re up-to-date on what’s going on in the market, don’t forget to download our full 3rd Quarter Market Update.

Give us a call or send us an email if you have any questions, and we look forward to speaking with you soon!