Wolfeboro’s Residential listing data reflects a increase in market inventory by 22.6% when compared to last year’s YTD stats. The United States Department of Labor – Bureau of Labor Statistics ranks New Hampshire as #3 in the Country with a more favorable unemployment rate of 4.6% - the low was measured in May of 1987 at 2.1% and the high noted in September of 1992 at 7.6%. Unfortunately this rate does not take into consideration the self employed contractors in the construction industry; that groups unemployment numbers are reported to be as high as 22%. National and global economic instability has caused many potential buyers to hold tight onto their purse strings in hopes for a brighter outlook in the future. Interest rates remain at a lifetime low, market values continue to soften - so for buyers with the means to purchase, now is the time.
YTD 2011 vs. YTD 2010 Wolfeboro Residential
- Market inventory…up 22.6%
- Back on the market listings…up 55.8%
- Pending Sales…down by 3%
- Contingent/Pending sales are down by 2%
- Listings that expired prior to a sale or transfer…down 16%
- Properties withdrawn from the market…down 7.1%
- Properties that SOLD are down by 22.9%
- Days on the market increased by 9 days
- Average SOLD price down 29%
YTD 2011 vs. YTD 2010 Residential, Condominium, Commercial & Vacant Land
- Market inventory…down 22%
- Back on the market listings…up 42%
- Pending Sales…down 4.6%
- Contingent Sales…down 10.7%
- Listings that expired prior to a sale or transfer…up 1.7%
- Properties withdrawn from the market …down 20.7%
- Properties that SOLD were down 21.2%
- Days on the market increased by 50 days
- Average SOLD price down 19.7%
Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st – June 30th, 2010 and January 1st – June 30th, 2011.
Contributed by Kathleen M. Kizer, REALTOR, ABR, GRI, ePRO, Associate Broker | Costantino Real Estate, LLC. “Your Lakes Region Professional” | Certified Residential Appraiser, NHCR-616, Wolfeboro Appraisal Services
For further inquiries or questions please e-mail to Kathleen@LakesRegionBroker.com or call 603-539-3200.
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