Rochester, NH Real Estate - April Market Update

The latest forecast by the National Association of Realtors (NAR) claims that existing-home sales are projected to trend up in 2008. I definitely see that happening here in the Seacoast. In fact, Lawrence Yun, Chief Economist for NAR was quoted recently saying, "The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump." Yes, he said did say improvement in the Northeast!

Let's check out what's been going on in Rochester, NH.

25 homes sold in Rochester in April

-19 single family homes, and

- 4 condos, and

- 4 mobile homes.

Year-to-date, 90 homes have sold in Rochester, NH:

-60 single family homes

-16 condos, and

-14 mobile homes

In addition, 16 Rochester homes went pending with active contracts in April and there are currently 364 active listings in Rochester.

So what does this all mean? It means, don't wait. If you are thinking of buying, now is definitely the time. If you are waiting for home prices to go lower I believe you may have missed the bottom so now is the time to get off the fence.

If you or someone you know is looking to buy or sell, please feel free to call or email me--I'm never to busy for your referrals!

For more real estate information, check out www.SeacoastHomesForYou.com.

To receive a FREE on-line home market analysis, check out www.GetFreePropertyValues.com .