With everything we hear and see in the news about the NH real estate market etc… I would suggest that we do not overlook the positives of the situation and how strong Bedford NH Real Estate is. The reality of the current NH real estate market allows you, if able to purchase, the ability to purchase a property at a much lower purchase price then the years prior.

Bedford NH offers a great example of this.

According to Trulia.com the median price for a home in Bedford is $342,500 (as of 11/21/08) Years prior it was 10+% higher then that. This allows you to purchase a home in a town with a great school district, low crime etc.. and it will also allow you to build equity quickly when the market turns around. Bedford NH is a sought after town and continues to sell well. According to NNERENMLS.com (our local real estate MLS board) as of 11/21/08 – 255 propeties sold in Bedford NH. 190 with Conventional financing, 38 as a cash sale, 19 FHA, 5 VA, 1 NHHFA and 2 other types of financing. There is also a 96% list to sell ratio, which means you have a high chance of selling your home. And there is an average Days on Market (DOM) of 115. So while the market has come down some and is slow, Bedford NH has weathered the storm a little better then some of the surrounding towns and is still a great place to buy or sell.

Search for all of Bedford NH Homes for sale 

Regards,

John

This entry was posted on Friday, November 21st, 2008 at 10:40 am and is filed under Bedford. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.