3 Year Home Sales' Price Comparison
It's always interesting to look back a few years and see what changes have occured in the market. Sellers ask me all the time if their home prices may increase next year, which I can not predict. But I CAN look back to see what their home might have been worth in the years prior.
Below is a 3 year comparison of residential, single family home sales in Cheshire County, NH taken from NNEREN. (Northern New England Real Estate Network).
Total Sales: 306
Average days on the market:123
Average selling price: $184,270
Median selling price: $169,000
Total Sales: 318
Average days on the market:106
Average selling price: $189,904
Median selling price: $162,750
Total Sales: 292
Average days on the market:117
Average selling price: $178,145
Median selling price: $150,550
Keeping in mind that one of the factors affecting change in the first half of 2010 sales may have been the government incentive home buyer tax credit. It's been reported in my office that the first half of this year has been quite good with the expectation that the second half may be better. This, I look forward to witnessing.
Hopefully everyone will experience improvements in their markets in months to come. Time will tell!