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!
Merrimack County, New Hampshire has been experiencing a 63% increase in pending sales over the past 6 months. However the rise has taken a 4% drop in pending sales between October and November. Perhaps its the upcoming holiday season that has the future homebuyers temporarily on ho-ho-hold.
TOWNS IN MERRIMACK COUNTY:
Allenstown, Andover, Boscawen, Bow, Bradford, Canterbury, Chichester, Concord, Danbury, Dunbarton, Epsom, Franklin, Henniker, Hill, Hooksett, Hopkinton, Loudon, New London, Newbury, Northfield, Pembroke, Pittsfield, Salisbury, Sutton, Warner, Webster, Wilmot.
MERRIMACK COUNTY MARKET TRENDS
Single Family Homes:
past 6 months.................. pending sales UP 63%
Sold down 11%
October thru November......pending sales down 4%
Sold down 8%
Average sold price for a single family property in Merrimack County is $214,000.
Condominiums:
past 6 months...................pending sales UP 160%
Sold down 8%
October thru November......pending sales down 19%
Sold down 33%
Average sold price for a condominium in Merrimack county is $155,000.
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