Sold in Derry, NH, June 2023
Like this Derry homeowner who sold above asking price it remains a great time to sell a home, and a strong Sellers Market, and as reported by NAR (National Association of Realtors) in a June 2023 article., the real estate market heavily favors Sellers right now. Here are a few key highlights:
- The U.S. housing market is missing about 320,000 home listings valued up to $256,000, the affordable price range for middle-income buyers (households earning up to $75,000).
- Middle-income buyers can afford to buy less than a quarter (23%) of listings in the current market. Five years ago, this income group could afford to buy half of all available homes.
- The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country's persistent housing inventory crunch impacts middle-income buyers more than any other income bracket.
- NAR and Realtor.com®'s housing affordability and supply report examines the number of listings missing by price range in the current market when compared to a balanced market. A balanced market is defined as when half of all available homes fall within the price range affordable for middle-income buyers
And in Derry, NH Real Estate Market as of 6/21/2023 ; There are currently; (headers are links to view the homes)
- 18 single-family homes for sale,
- 44 under contract and
- Sold 2023 year-to-date; 91 sold at 27 days on market and $449,000 list /asking price and $460,000 sold price, a 2.24 % increase.
- Compared to 2022, 262 homes sold at 15 days on market and at a $439,900 list price and a $457,000 sold price, a 3.88% increase.
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