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Raymond NH Real Estate Report August 2010

By
Real Estate Agent with The Bean Group

Raymond NH Real Estate Market Activity Report August 2010

We are looking at homes sold data for the last four years verses the last twelve months to determine where the market is headed.  In 2006, 141 homes sold with an average days on market of 101.  2007 gave us a 3% decline in homes sold at 137 and yet the time on the market was up 29% at 130 days.  In 2008, with the recession rolling in, 124 homes were sold down 9.5% at 124 and conversely were selling 14.6% sooner at 111 days.  With the Federal Home Buyer Tax Credit established in 2009 to help prop up a sagging market, 6.5% more homes sold with 132 units and days on market climbed back up 10.8% to 123 days.

Raymond NH Real Estate Average Sales Price

The average sales price for 2006 set the standard at $245,988 and fell 9.1% to $223,520 in 2007.  2008's average sales price dipped again 4.2% to $214,050 while in 2009 the average sales price dumped 12.5% of its value to $187,303 despite the Tax Credit.

Raymond NH Real Estate Market Trend

In the last twelve months, we have seen 9.8% more homes sold at 145 with 13% less time on the market at 107 days.  Average sales price has made a modest 2% gain in value to $191,189.  There is no doubt the now expired Tax Credit had an effect on the market.  Unfortunately, the Tax Credit was an artificial component to the market and had its un-natural results.  As the market approaches normalcy, we see more homes selling in less time with only a modest increase in the average sales price.  This indicates Raymond NH Real Estate is in demand and presents a good value.  Investment strategy 101: buy low, sell high. 

Buyers understand the lowest interest rates in decades, reasonable home prices, and lots of inventory pushes their purchase power to its peak.  There is tremendous upside potential for today's buyers to build equity compared to price levels of 2006.

Is now a good time to buy Raymond NH Real Estate?  You bet!  That's good news for sellers, too.

For more insight and real estate resources, click here => visit my website.

Your comments on this study are welcome, thank you for your attention.

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