Rochester NH Real Estate - October 2008 Market Update

By
Real Estate Agent with The Bean Group

Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward.  Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse.  In the near term, we expect home sales to remain fairly stable."  As real estate markets are local, here's what happened in the Rochester market in October: 

 31 homes sold in Rochester in October:

- 23 single family homes,

-   4 condos, and

-   4 mobile homes.

 Year-to-date, 274 homes have sold in Rochester, NH:

-180 single family homes

-  41 condos, and

-  53 mobile homes

 In addition, 28 Rochester homes are pending with active contracts.

 For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.

 

Posted by

Sue Melhorn

SeacoastHomesForYou.com                                                                                                    Re/Max Coast to Coast

A website on avoiding foreclosure:  CanWeSellShort.com

Cell: 603-944-0186                                                                                                                 Fax:  866-431-1298E-Mail: SueMelhorn@Metrocast.net  

Oh by the way...if you know of someone looking to buy or sell a home, give me a call or drop me an email.  I'm never to busy for any of your referrals!!

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