Nottingham NH Real Estate Market Activity August 2010
Taking a look at homes sold data for the last four years and comparing it to the data for the last four quarters will give us an indication of where the market trends are. In 2006 we saw the peak number of homes sold at 65 and 113 days was the average time on the market. With a 7.6% drop to 60 homes sold in 2007 and an increase of 25% longer on the market at 143 days, demand was falling off. In 2008, another 8.3% drop in the number of homes sold and at 55 while the number of days on market went down 12% to 125 days. There were less homes sold but took less time to sell; demand was ticklish. IN 2009, again we saw another 7.3% dip in the number of homes sold at 51 with less days to sell at 113 gave us the impression buyers are still very interested in Nottingham NH Real Estate.
Nottingham NH Real Estate Average Sales Price
Homes were selling at the peak in 2006 for an average of $342,053 and then 2007 came in 7.3% lower at $317,040. 2008 saw the average sales price plunge 12.5% to $277,374 with 2009 fairing barely better with a 10.2% dip to $249,173.
Nottingham NH Real Estate Market Trend
In the last four quaters to date, we have seen a 5.8% increase in the number of homes sold to 54 with the average days on market at only 84 days. The average selling price hasn't turned the corner yet at $244,086 but that is only $4K less than 2009 and worth mentioning as it looks like values have at least leveled and may be poised for some upward growth. The moral of the story says demand is there and prices are comparitively low so buyers of Nottingham NH Real Estate can expect gains when they sell in the future. Investment Strategy 101: buy low, sell high.
Is NOW a good time to buy Nottingham NH Real Estate? You Bet!! Good news for sellers, too.
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