Pending Home Sales are up… does that mean we’ve turned the corner? Some real estate agents are predicting that we are indeed at the bottom. Many things seem to point in that direction…but it is too soon for me to call it!
The last week in February our Londonderry office alone recorded 24 pending sales! 24 in one week not in a month.
Listing Inventory for Rockingham County is down 5% from Feb o8 to Feb 09, which means there are not as many homes on the market in Rockingham County and we are seeing multiple offers on many properties.
It seems like everything in place for a perfect real estate storm… Pending Sales Are Up, Inventory down, multiple offers are starting to be the norm.
Prices have adjusted themselves and homes are much more affordable today. A perfect storm…it will be interesting to see where we go from here. All I know is that pending home sales are up 5.6% and that is a very good thing.
About Monika McGillicuddy
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