A Summer of Low Inventory at the Lake
Going into summer the real estate market in New Hampshire is as hot as ever! There was a 24% increase in the median existing-home sales price in May, the largest year-over-year increase since 1999 (according to the National Association of REALTORS®). With low inventory in the area, prospects are making multiple offers on homes and are eager to find their perfect spot on the lake. Here’s some more information on what we’re seeing in the real estate market so far this year.
Inventory continues decreasing in the region, but at Meredith Bay we’re hard at work building eight new spec homes, with two already under agreement and one sold. You can follow the construction of these stunning lake homes here. There’s still limited time to make selections and customize the homes to fit your preferences and style. And if you prefer to build your own custom home on the lake, we also have a variety of different homesites — just pick your favorite one and we’ll make your dream lake home come to life.
A LOOK AT THE REAL ESTATE MARKET
All info from New Hampshire Realtors’ January 2021 Monthly Indicators. For the full report, click here.
If you’re looking to make your dream of owning a lake home a reality, contact us today.