Moultonborough, NH Home Prices Up, November 2017
New England Real Estate Network market data for Moultonborough, NH provided by Randy Hilman of Randy Hilman Homes at Keller Williams Lakes and Mountains Realty, your Lakes Region realty expert.
Moultonborough November Home Prices
Home prices in Moultonborough, NH, have risen steadily this year and November did not disappoint. The median price of a Moultonborough home rose 28% in November to $335,000, compared to the same month last year. Meanwhile, the number of housing units sold in November rose a whopping 143% year-over-year to 17 closed transactions. What does this stellar rise in prices and units sold mean for home shoppers? If you've been on the fence about buying a home in low-tax Moultonborough, you need to jump off and act now. Good values can still be had, but fair warning: The local economy is recovering and with it there is upward pressure on interest rates. Homes have begun to sell faster than new listings to market. The market is clearly moving in favor of sellers and we all know what that means: Rising demand, coupled with fewer homes for sale, lifts prices. Housing inventory is down to a 3.5-month supply and the median days on market for sold homes is just 36 days.
Moultonborough November Real Estate Report Summary*
Total Units Sold - 17 (up from 7 units November 2016)
Days on Market: High/Low - 492/1
Average/Median DOM - 90/36 (unchanged from 2016)
List Price: High/Low - $6,999,900/145,000
Sold Price: High/Low - $5,710,000/152,500
List Price: Average/Median - $866,041/359,000 (up 43.5/30.5% from 2016)
Sold Price: Average/Median - $781,170/335,000 (up 34/28% from 2016)
$ Volume: Average/Median - $14,722,700/13,279,900 (up 248/226% from 2016
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* Based on information provided by the Northern New England Real Estate Network.