Market Trends
2009 Trends “Good News & Bad News”
The Bad News first…
In the first quarter of this year, the number of homes sold in the 20
core towns that I analyze has fallen 18%. The average sales price has
fallen 11%, while the median sales price has dropped 8%. Typically, the
first few months of any year are normally the lowest and don’t
necessarily reflect the coming months which include the two strongest
seasons , Spring and Fall. Our current absorption rate is only 36 units
per month and with a 943 unit inventory that equates to a 25 month
supply of homes. While this covers all price points; inventory for homes
priced under $200,000 is much lower, perhaps only 60 days supply or
less.
The Good News
Recently, the number of home buyers looking has increased dramatically.
The $8000.00 tax credit, along with low interest rates is having a
positive effect on the market. Of the 20 communities surveyed 12
actually had a slight increase in values or at least remained unchanged.
With plenty of homes to pick from and lots of great buyer incentives
people are taking advantage of this “buyers market”. Recently, I’ve
noted a large increase in new contracts, which in the end I’m sure we’ll
see a quick leveling out of the market.
If you are considering the sale or purchase of a home in 2009 please
call one of our sales representatives for a no obligation buyer or
seller consultation.
Gerry Stark, Principal Broker/Co-Owner
RE/MAX Upper Valley Partners
Gerry has been a Realtor for more than 22 years. He is the 2005 Upper
Valley Boards “Realtor of the Year” and teaches the Realtors ethics
course. He is the 2010 President Elect of the Upper Valley Board of
Realtors and is licensed as a real estate Broker in both New Hampshire &
Vermont. Designations include the Certified Buyers Representative, a
certified mentor for the Buffini & Company, A member of the Lebanon
Chamber of Commerce, the NH Better Business Bureau and a NH Notary
Public as well as the past Chairman of the Enfield Zoning Board.
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Archived Market Trends:
Dec 2007 Jan 2008
Mar 2008 Jul 2008 Jan 2009 Latest |
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