More Homes Sold
We are looking at homes sold data in Barrington, NH for the last four years to determine the state of the market. Most folks would say the market has performed dismally. That is contrary to what has really occured. We saw 98 homes sold in 2007 and even though we have been through some rough economic conditions, Barrington saw 107 homes sold in 2010.
Higher Demand
Demand for homes in Barrington, NH is higher than 2009 as evidenced by the average number of days a home is on the market. Homes are selling three weeks faster than they did in 2009.
Barrington, NH Home Values Up
Average sales prices declined 25% from $280,745 in 2007 to $211,101 in 2009. As we look at the average sales price for Barrington, NH for 2010, home values edged up 11% to $234,632 in 2010.
Barrington, NH Market Trend
We see more homes selling in less time with values headed upward. Interest rates are very attractive at around 4.5% and the current inventory is 78 homes for sale with a median price of $229,345. The list to sell percentage for Barrington is 98%. That is to say Barrington, NH sellers on average are getting 98% of their asking price.
To Buy Or To Sell
That is the question. With interest rates as low as they are, a fairly high inventory, and home values headed in the right direction to build equtiy, NOW is a good time to buy. That's good news for seller's too as they can now get more value for their property than only one year ago.
About the author: Marty Patrizi is a Realtor with Virtual Homes, Inc. Marty can help make ownership a reality. He can be reached at 603-781-4099 or by email at marty.patrizi@virtualhomes.com. For FREE ACCESS to search the NH MLS for a good deal, visit TheNHRealtor
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