Throughout the year the number of pending sales have fluctuated month to month with the final YTD showing a 4.7% overall increase. Contingent sales are up by 12.2%, pending sales up 4.7%; expired listing activity is down 3.2% over last year’s YTD totals. Sales volume is up and withdrawn listings are down 1.7%. Back on market listings have seen an increase by 31.6%; perhaps the favorable interest rates and increase in sales volume has sparked a renewed interest for those sellers still working towards a successful transfer. Interest rates remain low and affordable around 4% to 4.5% and today’s engaged buyers, with the means to purchase have a number of market factors working in their favor.
YTD 2011 vs. YTD 2010 Wolfeboro Residential
- Market inventory…up 5.7%
- Back on the market listings…up 31.6%
- Pending Sales…up 4.7%
- Contingent/Pending sales…up 12.2%
- Listings that expired prior to a sale or transfer…down 3.2%
- Properties withdrawn from the market…down 1.7%
- Properties that SOLD are up by 6.4%
- Days on the market decreased by 16.8% or 36 days
- Average SOLD price down 22%
Based on information from the Northern New England Real Estate Network, Inc. for the period of January 1st – November 30th, 2010 and January 1st – November 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.