iS iT A BUYERS OR SELLERS REAL ESTATE MARKET? 

Raise your hand if you have a case of whiplash when it comes to the real estate market these days? (Me, hand raised.)

Are you trying to sift all the info and figure out what’s REALLY going on in our market? HALT! – I’ve got you covered.

A BUYER’S MARKET is when there are more homes available than buyers looking.

A SELLER’S MARKET is when there are more buyers looking than homes available.

In general, it’s a seller’s market if inventory is adequate for 5 months (or less) worth of sales. If there are 5 to 7 months’ worth of inventory, it’s a balanced market; and anytime you have more than 7 months’ worth of inventory, you’re in a buyer’s market.

2022 YEAR-TO-DATE STATS; 1/1/2022 to 11/30/2022

Compare each town’s number of homes sold, days on market (“DOM”) and median sold prices.

  • ATKINSON – 53 homes, 15 avg DOM & $620,000 median sold price
  • DERRY – 250 homes, 15 avg DOM, $460,000 median sold price
  • HAMPSTEAD – 96 homes, 19 avg DOM, $575,000 median sold price
  • LONDONDERRY – 259 homes, 20 avg DOM, $585,000 median sold price
  • PLAISTOW – 65 homes, 23 avg DOM, $515,000 median sold price
  • SALEM – 269 homes, 23 avg DOM, $586,000 median sold price
  • WINDHAM -178 homes, 24 avg DOM, $822,000 median sold price

Seacoast:

  • HAMPTON – 132 homes, 20 avg DOM & $611,000 median sold price
  • NORTH HAMPTON – 61 homes, 21 avg DOM & $910,000 median sold price
  • PORTSMOUTH – 156 homes, 18 avg DOM & $750,000 median sold price
  • RYE- 61 homes, 24 avg DOM & $1,300,000 median sold price
  • SEABROOK – 43 homes, 33 avg DOM & $520,000 median sold price

and for our MA clients;

  • ANDOVER – 294 homes, 17 median DOM & $947,000 median sold price
  • HAVERHILL – 349 homes, 19 median DOM & $500,000 median sold price
  • METHUEN -355 homes, 19 median DOM & $525,000 median sold price
  • NORTH ANDOVER – 212 homes, 19 median DOM & $897,500 median sold price

Want stats for another town or any other type of data? Just email or DM us!

Information believed to be accurate however not guaranteed. Source of data; NEREN Paragon.