Wednesday, January 24, 2007

Buying Soon? Worried About Your New Home's Value Dropping?

According to recent industry figures, about 18% fewer homes were sold in 2006 than in 2005. The average sale price was $306,000 in 2006 (compared to $311,000 in 2005).

About 18% fewer condominiums were sold in 2006. The average 2006 sales price was $207,000 (vs. $204,000 in 2005).

The relative stability of prices here in New Hampshire suggests that potential Spring 2007 buyers may not be as concerned about a future decline in the value of their home as they might have been in mid-2006.

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