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July 2016 Real Estate Market Update

July Real Estate Market Update

As students prepare to go back to school, the housing market remains steady. Despite a slight decrease in sold properties in July of 2016, the number of pending properties has increased. Here are some highlights for the housing market for July 2016.

  • 421 Residential properties sold between January 1, 2016 and July 31, 2016, and increase of 5% (21 units) over the same time period in 2015.
  • There is a total of 158 residential properties under agreement, an increase of 11% over the previous month (as of August 10, 2016).
  • There is a total of 22 land listings under agreement, an increase of 10% over the previous month (as of August 10, 2016)

As summer winds down, we expect that the number of sold properties in the Mount Washington Valley will increase for the month of August as families prepare to head back to school. If you have been thinking of selling and would like a free market analysis, click here!

 

*Data compiled from NNEREN Multiple Listing Service and MREIS Multiple Listing Service as of August 8, 2016. Subject to errors and omissions. Towns include: Albany, Bartlett, Chatham, Conway, Eaton, Freedom, Hales Location, Jackson, Madison, Ossipee & Tamworth (New Hampshire), and Fryeburg (Maine).