Durham NH Real Estate: Here is a look at three homes that sold in Durham, NH this week.

$200,000 $252,500 $312,050

Durham, NH Real Estate Sales Data: Let's compare sales data from the first of the year to date and the same time period of 2010.

Jan. to May 2011 Jan. to May 2010

102 active listings with average 138 days on market 102 active listings with average DOM 138 days

22 closed listings with DOM at 146 18 closed listings with DOM at 177

Average sales price $283,389 Average sales price $279,781

List to sell price ratio 96% List to sell price ratio 98%

Durham, NH Real Estate Market Trend: Making sense of this information shows us 4 more homes have sold this year compared to last year up 22% even though the now expired Federal Home Buyers Tax Credit was still in effect in early 2010. Average sales price has risen 1.2% and more significantly the average days on market is down 18% and the asking price to sales price ratio has dropped 2%. The data points to a strong demand for Durham, NH Real Estate and seller's willingness to "make the deal".

Interest Rates and Purchase Power: When holding mortgage payment steady, a 1/4 of one percent rise in the rate equals $8,000 less purchase power. So don't let the interest rate rise hurt your purchase power and take advantage of all the favorable conditions making your Durham, NH Real Estate purchase more affordable now.

About the Author: Marty Patrizi is a Realtor with Virtual Homes, Inc. Marty has been buying, selling, building, and renovating properties since 1988 and he can help you acheive your real estate goals efficiently. Marty can be reached at 603-781-4099 or by email marty.patrizi@virtualhomes.com.

For FREE ACCESS to search all homes for sale in the NH MLS, visit TheNHRealtor

Durham NH Real Estate Twelve homes sold in first quater of 2011. There are some great values in town.

Durham Condo $110,000 Condo $239,000

Durham NH Real Estate is selling. The average listing price to selling price ratio for these listings is 97% showing us the demand for property in Durham NH Real Estate is strong. 12 homes have sold in this first quarter of 2011 and 45 new lisings have come to market in Durham NH Real Estate in the same time period showing us that seller's are willing to sell.

$180,000 $220,000 $233,000 $247,000

$284,00 $352,000 $365,000 $380,000

$475,000 $559,900

Durham NH Real Estate Buyers are looking in Durham and sellers are selling so grab a knowledgeable Realtor and grab your piece of Durham NH Real Estate.

Interest rates are hovering around 4.4%, inventory is good, and by way of listing to selling ratio, prices are stabilized and reasonable. Buy Durham NH Real Estate Now! Seller's with quality property, what are you waiting for now?

About the Author: Marty Patrizi is a Realtor with Virtual Homes, Inc. Marty has been buying, selling, building, and renovating properties since 1988 and he can help make Durham NH Real Estate a reality for you. Marty can be reached at 603-781-4099 or emial marty.patrizi@virtualhomes.com. For FREE ACCESS to search all homes for sale in the NH MLS, visit: TheNHRealtor

Durham NH Real Estate Market Activity August 2010

We are looking at homes sold data for the last four years verses the last twelve months to determine where the market is headed. In 2006, 75 homes were sold and averaged 98 days on market. 2007 saw an increase to 82 homes sold but the days on market jumped up to 121. With the recession fully entrenched in 2008, homes sold slid back to 72 yet days on market fell to 101. The Federa Home Buyer Tax Credit was established in 2009 to prop up a sagging market but only 59 homes sold with an average of 98 days on market.

Durham NH Real Estate Average Sales Price

Over the same period, we see homes selling at the top of the market in 2006 at average sales price of $376,533. 2007 brought a 6% decrease in the sales price at $354,618 when the number of homes sold was at its peak. Average sales price dropped another 13% to $309,309 in 2008. Contrastingly, 2009 saw an appreciation of 6.5% at $329,168 when the number of homes sold was at its lowest. Within the last 12 months, 83 homes have sold with a time on the market of 114 days and the average sales price has gained another 4% to $342,084.

Durham NH Real Estate Trend

The average sales price was at its lowest 2 years ago and could be said to have held the bottom of the market. Prices are stabilized and appreciating since then even though the rate is rather subtle. This is a good thing when compared to what a normal market should be. There is no doubt that the expired Federal Home Buyer Tax Credit did its best to prop up a falling market. The Tax Credit was a temporary and artificial component of the real estate market and now the markets are free again to ebb and flow naturally. Looking at the number of homes sold as of recent, gives us an indication that the market has aproached some normalcy and demand looks good. With average sales prices holding pretty steady, the Durham NH real estate market is out performing the state average. Buyers understand that with low interest rates, reasonably priced homes, and lots of inventory, their purchase power is at its peak.

Think its a good time to purchase Durham NH Real Estate? You bet!!

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