As of December 1, the residential home inventory was bulging like the sack of toys in the back of Santa’s sleigh! There were 1168 residences available at an average asking price of $498,326 in the communities covered by this report. That is up from the 1074 available last December at an average price of $548,594. The median price point is down from $279,900 last December to $259,450 this...

The number of residential sales last month in the towns covered by this Lakes Region market report were up 16% over last October. There were 79 transactions in October 2011 at an average sales price of $300,711 compared to 68 sales October last at an average price of $395,012. For the first 10 months of the year we have had 624 sales at an average $310,684 compared to 651 sales at an average $312,000 for the same period last year. It would be nice if we could have an exceptionally strong holiday...

Halloween has come and gone and it didn’t scare off buyers looking to purchase waterfront homes on Lake Winnipesaukee. There were eleven sales at an average price of $1.17 million and a median price point of $950,000. That matches the eleven sales last October although the average sales price came in higher at $1.46 million. If there is a any bright spot or consistency in our current real estate market it would have to be waterfront sales on the big lake.

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As of November 1, 2011 there were 1277 residential homes on the market in the communities in this Lakes Region real estate market report. The average asking price came in at $516,128 with a median price point of $269,900. Last November there were 100 fewer homes on the market at an average asking price of $559,403 and a median of $284,450. Seems like all the trends are heading in the wrong direction including the weather. The current home inventory represents a 20.5 month supply of property to sell....

When I answered the phone, I could barely make out the faint voice on the other end of the line. The woman, almost whispering, said her name was Liz and that she’d like to see my new listing on Elm Street. It’s a charming, older Victorian that has been drawing lots of attention because of the low price. I asked her if she could come into the office to talk about exactly what she was looking...