There is nothing but green arrows in the graph to the left. So, what does that tell us about how the market is doing?
-The Median Sale price in NH continues to climb, reaching $580,000 at the end of July. This bodes well for a strong Sellers market, and continued equity growth for homeowners. What becomes more difficult as prices continue to climb is affordability. At a 6.75% mortgage rate, and 20% down, Buyers need a household income in excess of $160,000.00 to qualify for a standard 30-year
mortgage for the median priced home.
-The average days on market have inched up slightly, which would normally be an
indication of a slowing market. However, it has long been considered a "balanced
market" when the days on market are b...