Carroll County Market Report: July 2013

The July 2013 NH Real Estate Sales Report for Carroll County has just been released and can be viewed here: July 2013 Sales Stats.

For the Single Family Home market, the number of sales is up almost 5% compared to this time last year. However, inventory of new listings is up 3%, which means that new and sold listings just about balanced each other out last month. The median sale price is a little higher, but the average sale is slightly lower at $181,135. The average days on market is longer this year, from 129 to 150. So all in all, the residential market seems to be the same as it was last year, with no major increases or decreases.

Condo inventory is decreasing with 15% fewer units for sale than last year at this time. Fortunately, the number of sold listings is showing a bigger improvement with a 21% increase in number of sales, which we really need to get the inventory back down. The average sale price at $144,607 is unchanged from a year ago. So condos are selling better than last year, but not for any more money. Keep in mind that any improvement is a welcome change compared to the dismal year condo sales had in 2012. The bright light is the days on market as the average DOM this year is 170 compared to 275 last year. Remember though, these numbers can be skewed pretty easily. My guess is that a condo sold in July 2012 that had been on the market for a very long time, making the average days on market jump way up.

We’re in the middle of our busy selling season, so if you’d like an updated Market Analysis on your property, just ask.

Your Realtor,

Joy

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