Monadnock Region Fall Home Market Update

The real estate market moves up and down based on supply and demand. It is constantly changing from year to year and even from season to season. If you are contemplating purchasing or listing a property this fall, below is information on the Monadnock Region fall home market update.

Impact of Seasons

Fall traditionally is a busy time of year. Home buyers look to finalize their real estate purchase prior to the winter months, the holiday season, and end of year (for tax benefits). Interest rates are also at historic lows, enabling more individuals to afford home ownership. This year, certain communities are faced with a shortage of inventory. This can be caused by a reduction in foreclosed homes, sellers waiting for values to rise, or sellers falsely believing that homes are not selling. Whatever the cause may be, it is causing less supply during a time of high demand. The result is high activity for new listings, competing offers on properly priced homes, and listings quickly going under agreement.

More on the Monadnock Region Fall Home Market Update

If you are considering listing, it is a good time to sell. With a seller agent who understands the market, your residence can be positioned to sell within a reasonable time frame and for maximum market value. If you are thinking of buying, have a pre-approval completed and be prepared to make an offer. Properties in good shape and properly priced will not remain on the market long. This Monadnock Region fall home market update blog is only an overview. For specific Monadnock Region real estate statistics or help with your home sale or home search, call Ken Moller at The Mollers at 603-525-4211.