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It's Fall and Many Buyers Are Just Getting Started

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Posted 09-15-2014 at 11:28 AM by Roy Sanborn



It's Fall and Many Buyers Are Just Getting Started

It's Fall and Many Buyers Are Just Getting Started. Well, Labor Day has come and gone. It really feels different now. Downtown Meredith has gotten back to normal. You can actually drive down Route 3 or Route 25 into town without cursing the stop and go traffic (at least until the foliage season.) You could kind of hear the door slam behind the summer folks. The sudden decrease in cars mucking up the byways seems to create a vacuum and it always makes me feel like it’s the end of the sales season…but it’s not. There may be fewer people around this the time of year, but this is when many serious buyers are just getting started.

As the following chart shows that in Belknap County over the past three years, the third quarter has the most closings. There is no doubt that some of these properties went pending in the beginning of the summer, which is what you would expect. However, the fourth quarter of the year has the second highest number of sales. September and October are always pretty strong sales months and then things slow down in the middle of November and through the holidays as people focus on more important and festive activities.





Sellers always ask when the best time is to sell their home. The answer is anytime as long as the property is priced right. Your home has to be on the market in order to sell it. There were 419 homes sold over the past three years in the first quarter of the year, many of which went pending during the holiday season. Who knows for sure, but some of these homes might not have been seen or sold at all if they weren’t available when that particular buyer was looking.


So just because the throngs of flatlanders are gone right now they could be sitting down there in flatland thinking that they’ll come back up when its quiet, sneak up on you, and buy your house. At least that what’s we are hoping…


There were 1283 residential homes on the market as of 9/1/14 in the twelve Lakes Region communities covered by this report. The average asking price was $587,950 with a median price point of $269,900. Last September 1, there were 1249 homes on the market with an average asking price of $498,590 and the median was $259,800. The current inventory level represents a 15.5 month supply of homes on the market.




Data compiled using the NNEREN MLS system
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