Rosy Exeter NH Real Estate Market Outlook July 2011

By
Real Estate Agent with The Bean Group

Exeter NH Real Estate Market is ripe for the picking.  Let's look at the market trends by studying the homes sold data for the last six months of this year compared to the last three years.  There were 67 homes sold in 2008 at the beginning of the Great Recession and in 2009, 81 homes were sold.  2010 shows 80 homes sold and 2011 shows 78 homes sold.

  

The best news relates to the average selling price.  In 2008, the average selling price was $341,272 and fell 21% to $272,353 in 2009.  2010's average sale edged up slightly to $278,877 and then fell 9% to $252,775 so far here in 2011.  The asking price to selling price ratio over the four years for homes in Exeter NH is 96%, 95%, 97%, and 95% respectfully.

  

If we look at the asking price to selling price ratio, it looks as if seller's are more willing to deal in this last period but when we look at the average days on market, we see that the days on market is decreasing.  This translates to an increase in demand and no wonder...prices have come down almost 26%.

Interest rates are as low as they are going to go, prices are down 26% from four years ago, and there are 138 condos and homes for sale in Exeter NH and 30 units contingent or pending.  So it looks like NOW is as good a time to buy as any.  Exeter NH Real Estate is ripe for picking.

What does this mean for sellers in Exeter?  Looking at the number of homes sold, the buyers are out there and they are hungry.  If your home is in top condition and priced right, it will sell quickly.

About the Author:  Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

 

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