Pending sales are a key feature in following the current market activity.
To the homeowner wanting to sell, pricing is key. Often times a property is listed at what all parties feel is right, if not aggressive. Not realizing or observing pending sales, you find yourself overpriced the day you listed it. Then playing the catch up game....reduction after reduction often leading to no favorable results. Educated sellers know that following pending sales helps them know when the timing is right and at what price.
To the future homeowner/buyer, pending sales are an indicater of "potential" market activity trends. Where pending sales are down....sellers are more likely to be open to all reasonable offers.
KNOW YOUR PENDING SALES!
The past 7 months in the Rockingham County area of New Hampshire, see towns below, has shown some increase in activity.
Rockingham County Info. Rockingham County map.
Towns and Cities and all things cool about Rockingham County.
Single family homes were as follows:
- Pending sales were down 24%.
- Sold down 19%.
However, from September thru October there was a 9% increase in pending sales.
Condominium sales were as follows:
- Pending sales down 34%.
- Sold down 21%.
Most impressive was from September thru October there was a 21% increase in pending sales and a 20% increase in sold properties.
November market trends are not yet available so watch for updates to come as soon as available.
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