When comparing November 2007 closed transactions to the booming real estate market of November 2002 in the Lake Winnipesaukee area of New Hampshire, the differences are many.

The number of closed transactions is down 26 percent for the month of November. In November 2002 there were 142 transactions compared to that of 105 November 2007. 

Averages are way up however.  The average listing price of a single family residence in Belknap and Carroll Counties in New Hampshire is $411,781 compared to $273,764 five years ago.  The average sale price in November 2007 is $379,041 compared to November 2002 when it was $262,243.  What this translates to is that in November 2002 sellers were getting only 4.21 percent less than their listing price compared to sellers in November 2007 who are accepting 7.95 percent less than asking price. 

Average days on market continue to be high. In November 2002 sellers could expect their home for sale to be on the real estate market approximately 48 days.  Today the news is much grimmer.  The average days on market for a home for sale is now around 128 days or 4 and a quarter months.

Pending sales are still down as well.  The forecast does not show much promise for the coming months. Currently there are only 48 homes for sale that are pending and in November 2002 there were 128 pending sales.

For all your Lakes Region, NH real estate needs please contact me:

Kim Carpenter, e-PRO, GRI
   Your Lake Winnipesaukee REALTOR®! Your Lake Winnipesaukee real estate resource

   Curry REALTORS

   http://www.kimcarp.com/
   Route 11 PO Box 336
   Alton Bay, NH 03810
   603-875-6600 x 13 office 603-978-2165 cell

I am a proud member of the Institute of Luxury Home Marketing

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