Dover NH Homes Sold Watch June 11, 2011

By
Real Estate Agent with The Bean Group

Dover NH Homes:  Here is a look at the 8 homes sold this week.

     

$128,000                            $158,000                        $230,000

    

$247,500                          $207,000                          $330,000 condo

 

$339,000                            $430,200

Dover NH Homes Sold Stats:   Here are  the statistics for Dover NH Real Estate from January to June 2011 and compared to the same time frame last year.

                                                            January-May 2010                     January-May 2011

Active Listings                                               223                                        223

Average Asking Price                                     $297,682                                $297,682

Homes Sold                                                  113                                        128

Average Selling Price                                     $235,769                                $211,178

Days On Market                                            101                                        123

Asking Price To Selling Price Ratio                   97%                                       95%

Dover NH Real Estate Market Trend:   It is interesting to see the number of active listings and the average listing price have remained the same for both periods.  On average ,homes are taking three weeks longer to sell this year but home sales are up 13%.  Average sales price has fallen 11% and the list to sell ratio is down 2 points.

What Does This Mean To Dover NH Real Estate?   Interest rates are hovering around 4.75% and we know that rates will go up; we just don't know when.  Buyers understand these low rates, good inventory, and lower prices increase their purchase power as indicated by the number of homes sold.  They are however being very carefull and will search all homes in their scope as the Days On Market shows.  Seller's are being more reasonable as evidenced by the List to Sell ratio and average selling price coming down.

Is NOW a good time to buy Dover NH Real Estate?  YOU BET!  Stop paying your landlord and start building equity for youself.

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 make home ownership a reality for you.  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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