Rochester, NH Real Estate Outlook 2011
By Marty Patrizi, Multiply Your Propertunities
(The Bean Group)
Rochester, NH Market Trend We are looking at homes sold data for the last four years in Rochester, NH to determine the market trend. We see that 2007 was a good year for home sales in Rochester and the significant decline in sales at the start of the "Great Recession" in 2008. 2009 saw an increase as part of the now expired Federal Home Buyer Tax Credit which ended in early 2010. Home sales dropped off again in 2010 due to many uncertainties with the economy. Demand For Rochester, NH homes In 2007, homes were on the market an average of 107 days. With the "Great Recession" entrenched in 2008, homes were on the market two weeks longer and in 2009 three weeks longer. In 2010, with less homes sold, they were selling in 100 days, one week sooner than in 2007. One could conclude tha...
Comments
0