Durham NH Real Estate: Here is a look at three homes that sold in Durham, NH this week.
$200,000 $252,500 $312,050
Durham, NH Real Estate Sales Data: Let's compare sales data from the first of the year to date and the same time period of 2010.
Jan. to May 2011 Jan. to May 2010
102 active listings with average 138 days on market 102 active listings with average DOM 138 days
22 closed listings with DOM at 146 18 closed listings with DOM at 177
Average sales price $283,389 Average sales price $279,781
List to sell price ratio 96% List to sell price ratio 98%
Durham, NH Real Estate Market Trend: Making sense of this information shows us 4 more homes have sold this year compared to last year up 22% even though the now expired Federal Home Buyers Tax Credit was still in effect in early 2010. Average sales price has risen 1.2% and more significantly the average days on market is down 18% and the asking price to sales price ratio has dropped 2%. The data points to a strong demand for Durham, NH Real Estate and seller's willingness to "make the deal".
Interest Rates and Purchase Power: When holding mortgage payment steady, a 1/4 of one percent rise in the rate equals $8,000 less purchase power. So don't let the interest rate rise hurt your purchase power and take advantage of all the favorable conditions making your Durham, NH Real Estate purchase more affordable now.
About the Author: Marty Patrizi is a Realtor with Virtual Homes, Inc. Marty has been buying, selling, building, and renovating properties since 1988 and he can help you acheive your real estate goals efficiently. Marty can be reached at 603-781-4099 or by email marty.patrizi@virtualhomes.com.
For FREE ACCESS to search all homes for sale in the NH MLS, visit TheNHRealtor
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