Plaistow NH Real Estate Market Activity August 2010
We are going to compare homes sold data for the last four years verses the last twelve months to determine what direction the market is headed. In 2006, the number of homes sold was 83 and fell 17% to 69 homes sold. In the same period, the average days on market were 88 and climbed 19% to 105 days respectfully. 2008 gave us another dip of 3% in the number of homes sold and they were taking 19% longer to sell at 125 days. In 2009, while the Federal Home Buyer Tax Credit was driving the market, we saw a 15% increase in the number of homes sold and the days on market dropped 12% to 110 days.
Plaistow NH Real Estate Average Sales Price
Average sales price was $282,937 in 2006 and the following year saw a 16% flop to $237,109. In 2008, with the recession in full bloom, there was another fall of 16% to $199,120. With the Tax Credit trying its best to prop up the market, average sales price dipped a little to $198,788.
Plaistow NH Real Estate Trend
In the last twelve months, we have seen a few less homes selling at 70 units and days on market up a tick to 118 but average sales price has bumped up 1.3%. When we look at the chart for Average Selling Price, we can clearly see that the recessionary plunge has leveled off. Plaistow is poised for growth and buyers understand that the lowest interest rates in decades, reasonable home prices, and lots of inventory pushes their purchase power to its peak. Investment Strategy 101: buy low, sell high. At this level, today's buyers will appreciate the upside potential of building equity when campared to price levels of 2006.
Is now a good time to buy Plaistow NH Real Estate? You bet! That's good news for sellers, too.
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