Lisa Lawrence Realty, previously known as DiBernardo Real Estate, is a Residential Real Estate Brokerage committed to providing professional and knowledgeable real estate services in Central New Hampshire. Our services include Buyer and Seller representation in the purchase, sale and leasing of a variety of residential property types, including: Single Family Homes, Condos, Townhomes, Multi-Family and Vacant Land.
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December 2023 Snapshot: U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. Most of this period’s closed sales went under contract in October, when mortgage rates were at a two-decade high. With rates having dropped more than a full percentage point since then, existing-home sales may continue to pick up in the months ahead.
New Listings decreased 5.0 percent for single family homes but increased 27.2 percent for townhouse-condo properties. Pending Sales increased 15.2 percent for single family homes and 14.4 percent for townhouse-condo properties. Inventory decreased 10.9 percent for single family homes but increased 9.8 percent for townhouse-condo properties.
The Median Sales Price was up 8.4 percent to $460,750 for single family homes and 10.0 percent to $399,000 for townhouse-condo properties. Days on Market decreased 12.9 percent for single family homes and 12.9 percent for townhouse-condo properties. Months Supply of Inventory increased 7.7 percent for single family homes and 23.1 percent for townhouse-condo properties.
Low levels of inventory continue to impact U.S. home sales, offering few options for aspiring buyers to choose from. Going into December there were 1.13 million units for sale, down 1.7% from the previous month but up 0.9% from the same period last year, for a 3.5 months’ supply at the current sales pace. As a result, sales prices remain high nationwide, with NAR reporting the median existing-home price rose 4% annually to $387,600 as of last measure, the fifth consecutive month of year-over-year price gains. Homebuyer demand is picking up, and without a significant increase in supply, experts believe home prices will likely remain elevated for some time to come.
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If you're ready to buy or sell, call us! We’re ready to help you no matter what you want to do: buy, sell or invest in single family homes, condos, townhomes, multi-family properties or vacant land. If we don't have it listed, we can find it for you!
Key words: Central NH Real Estate, Residential Real Estate
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