Lakes Region Market Updates Archives - Meredith Bay – Lakes Region NH Real Estate

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High Existing Home Sales Start of the Year

High Existing Home Sales Start of the Year

With a shortage of homes available on the market and increasing sales prices, many potential buyers are waiting to purchase their dream home. But that hasn't stopped the existing home sales from reaching their highest level since 2006! The positive trends that we saw in 2021 are continuing into the new year. YTD Median Sales
2021 Housing Market: Looking Back

2021 Housing Market: Looking Back

What a year! The 2021 housing market saw sales prices reach new heights, inventory decrease at unprecedented levels, and homes sell quickly (and above the asking price!). YTD Median Sales Price increased 17.9% YTD Days on Market decreased 44.7% Monthly supply of inventory decreased 30.0% YTD Volume of Closed Sales increased 11.1% "The 2021 housing
A Fall of New Listings

A Fall of New Listings

While it might look like a shift is happening in the market this fall, we are continuing to see new listings! It's common for listing and sales activity to slow down in the autumn months, but that hasn't stopped new listings from hitting the market this year. YTD Median Sales Price increased 14.1% YTD Days
A Summer of Low Inventory at the Lake

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
Demand in the Lakes Region Continues Through March

Demand in the Lakes Region Continues Through March

Going into 2021, we saw that the New Hampshire real estate market indicated low supply and high demand with decreases in new listings and inventory, quicker home purchases, and increased volume of closed sales. These trends have continued through the first quarter of the year. Here's what happened in the New Hampshire real estate market
Real Estate in NH: Looking Back on January 2021

Real Estate in NH: Looking Back on January 2021

We're taking a look back at the real estate market in New Hampshire in January — and the momentum from 2020 looks to be continuing into the new year. With decreases in new listings and inventory, and homes staying on the market for shorter periods of time, last month's indicators speak for themselves. Here's what