Pending home sales up!!

According to the National Association of REALTORS pending home sales have surged. Due mainly in my opinion, to the incredible low prices we’re seeing throughout the country. Here at home we’ve been seeing multiple offers on properties especially in the bank owned homes.

The National Association of REALTORS says the “Pending Home Sales Index, an indicator based on contracts signed in August, jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4.”

This is pretty good news for the real estate market in general and all the more reason why buyers should start actively looking and buying. Interest rates dropped, inventory is good and the end of the year is rapidly approaching. Wouldn’t it be nice to be in your own home over the holidays? We’d love to help you do that…give us a call at 603-548-7685!

Real Estate market conditions…not so local after all!

Picking up a newspaper this morning far from home… a screaming headline “Fourth-quarter home sales fall in 45 states” of course caught my attention. I was curious to read a firsthand local slant on the real estate market. Sales were down in New Hampshire for the last quarter as well … except for the last month in December, which was the best December for us personally in many years. Then January hit and it started to get really busy for us in Hampstead. Many of my fellow REALTORS said the same thing…it was if someone turned on the buyer tap. Interestingly, New Hampshire was one of the states that did not report their fourth quarter sales figures to the National Association of REALTORS but I know we were way down as well. It was a miserable 2007 real estate market for many in NH. This local (Florida) newspaper reports that something changed the first week of January and suddenly they got busy. In New Hampshire prices are down, interest rates are excellent…all the ingredients are there for the making of a most excellent spring buyers market plus we’re already seeing multiple offers. Real estate agents in Southwest Florida report more sales in the 1st month of 2008 than they’ve had in the entire previous year and that sounds just like my New Hampshire real estate market.
Spring market in New Hampshire has started early this year and I think it’s going to be a pretty good one in more ways than one.

Something funky is happening in the Southern NH real estate market

First off let me remind you I’ve been in real estate sales full time since 1984…that’s 23 Decembers. So when I say I feel something funky happening I know what I’m talking about. This has been a very busy December and I’m not talking Christmas shopping and holiday preparations busy…I’m talking real estate busy. My last 4 purchase offers were in a multiple offer situation, I have buyers actively looking to “buy a home now” not just whenever it happens. Read more