Bedford Real Estate Market 2011

What does the Bedford NH Real Estate market look like right now? Well according to the NNEREN MLS board there are 136 Bedford NH Homes for sale as of 5/10/11 9:30am EST.  The lowest priced house currently is $114,900 and the highest is $2.25m.  The average price is $518,034 with a median price of $414,950. There is an average days on market (DOM) of 155 days with a median DOM of 68.

As for Pending and Contingent properties in Bedford NH. There are 41 properties under contract. The average price of these are $443,263 with a median price of $399,900. Average DOM is 76 with a median of 45.

YTD Sales are 61 total home sales in Bedford NH with an average price of $386,301 and a median of $350,000. Average DOM is 173 with a median of 137.

What does it all mean? On one side when an absorption rate technique is used there are about 8 months worth the inventory on the market. On the other side. Prices have not fell in Bedford as much as they have in other communities. I am positive that the Bedford NH Real Estate market, while sluggish, remains somewhat stable and strong.

This blog was written by John Moscillo of Keller Williams Realty Metropolitan.

to search all homes for sale in Bedford NH please view www.JohnMRealty.com

This entry was posted on Tuesday, May 10th, 2011 at 8:43 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.