Rated “BUY NOW”! If you have been thinking about Homes For Sale In Dover, you have to get excited about the market data. Dover NH single family home sales have been steady over the last four years with prices escalating until this year. Real Estate markets provide one of the greatest examples of what happens to prices based on the age old laws of supply and demand. New listings peaked in 2014 and dropped off by 10% last year and are on pace to equal last year’s new listings. Demand for homes in Dover is stronger with days on market down to 55 days. But what does that mean for prices?
Dover NH Median Sales Price vs Average Sales Price
Median sales price is considered a better indicator of price trends because average sales price can be skewed by a transaction with an extremely high sales price or an extremely low one. The median sales price is the transaction in the middle of all the data with half of the transactions having a higher sales price than the median and half below. The median rides the tides of the trends more acurately. Dover NH median sales price has been on the rise up until this year and so far has fallen off 8%. Inventory has caught up with demand and sellers are finding themselves accepting less than they had hoped in order to sell amungst more competition. Good news for buyers. Click here to see recent sales => Dover Sales
Why “BUY NOW”?
Buy now because mortgage rates are at the lowest levels of our lifetime and will never again be this low. Who knows what a new adminstration in the White House is gonna mean for mortgage rates? We all know rates are going to rise. They just can’t stay this low for much longer. If the mortgage rate were to rise one half of a percent, (+0.5%), it could mean as much as $25,000 less purchase power. That can mean the difference of buying a home with a garage verses without. Couple low mortgage rates with lower home prices and now you know why “BUY NOW”!! Click here to search => Dover Homes For Sale
Multiply Your Propertunities
This report brought to you by Marty Patrizi, Realtor at The Bean Group. Marty has been helping folks buy, sell, build, and renovate properties since 1988. See what Marty’s clients are saying => Testimonials