Real estate prices fluctuate based on supply and demand. It is continually changing each year and even from season to season. If you are contemplating entering the market, the following is information on the Southern NH 2012 fall home market.
Impact of Seasons
Fall historically remains a busy selling season. Home buyers attempt to finalize their real estate purchase prior to the winter, holidays, and year end (to take advantage of tax benefits). Interest rates are also extremely low, enabling more people to afford home ownership. This year, some regions are facing low inventory levels. This can be caused by a reduction in foreclosed homes, owners waiting for values to increase, or owners falsely thinking that the market is stagnant. Whatever the reason may be, it is resulting in low supply during a time of high demand. The impact is a lot of activity on any new listings, competing offers on desirable properties, and properties quickly going under agreement.
Beyond the Southern NH 2012 Fall Home Market
If you are considering selling, it is a good time to do so. With an agent who knows the market, your home can be marketed to move quickly and for maximum market value. If you are thinking of buying, have a pre-approval in-hand and be ready to act quickly. Properties in good condition and properly priced will not last long in this market. This Southern NH 2012 fall home market article is only an overview. For specific Southern NH market stats or help with your home sale or home search, contact Donna DuFour at Accurate Title at 800-639-4405.