Real Estate Agent with Coldwell Banker Hobin Realty, LLC - Hampton & Rye, NH, USA


Data for these stats was pulled from the NNEREN MLS Database on 3/28/2008.  

2007 stats run from 1/1/07 to 3/28/07

2008 stats run from 1/1/08 to 3/28/08 



*Avg. DOM = average days on the market    **Median L/S Ratio = median list price to sold price ratio 


Conclusions / My Take: 

Based on these stats, I would conclude that the condo market in Exeter, NH is recovering.  Condos are selling faster, for more money and closer to asking price.  

As for the single family home market in Exeter, NH... These stats suggest that it is still more of a buyers market in that the sales prices 2007 vs. 2008 have declined and homes are taking longer to sell.  Also, sellers are granting higher discounts on their list prices this year than last year.

My take on this is that the more affordable properties tend to sell faster and condos are generally more affordable than single family homes.  Also, a larger percentage of condo buyers are first time buyers versus those who buy single family homes.

I believe that the reason the single family market is still suffering is because single family home prices, on average, are still quite high.  Many folks who buy a single family home have to sell in order to buy.  This results in a domino effect when the first property takes longer to sell, or doesn't sell at all.

The key here is to make sure that if you are buying or selling that you hire a good local REALTOR that really knows the CURRENT MARKET in YOUR AREA.  They can advise you as to your local market condition and counsel you on the pros and cons of  buying or selling in these uncertain times.

If you have any questions, please feel free to contact me.  We specialize in New Hampshire's Seacoast towns

-Katherine Anderson, Broker / Manager

 Coldwell Banker Hobin Realty, LLC

 Rye & Hampton, New Hampshire - USA

 visit us on the web 


Comments (3)

Keith Perry
Coldwell Banker - Hiram, GA
REALTOR - West Metro Atlanta

Hi Katherine, wow it is so great to be here on AR and see these posts. My market right now on Condos are flatlined. Good to see that yours has picked up.

Mar 28, 2008 12:05 PM
Amie Varney
Prudential Verani Realty - Epping, NH
Katherine:  Like the stats, being new to Active Rain it is always nice to get good tips.  Thanks neighbor!
Apr 03, 2008 02:04 AM
Katherine Anderson
Coldwell Banker Hobin Realty, LLC - Hampton & Rye, NH, USA - Exeter, NH
Managing Broker
Amie:  Thanks for the comment.  Nice to hear from neighbors! :-)
Apr 03, 2008 02:10 AM