
This chart shows the increase in median sale prices and home appreciation over the last 4 years in Rockingham, Strafford, York and Essex County up the coast. Basically unprecedented in our modern housing history. 

Because of this, "Will home prices start to come down?" is one of the number one questions we're hearing and I think a lot of people assume there will be a correction.
But here's the thing….they don't have to come down. As long as there are more buyers than there are homes to sell, prices are likely to at least remain stable vs. to drop in any meaningful way. Especially in our corner of the US.
Coastal New England is old and a highly desirable place to live. We have great schools, employers, restaurants, town services, close proximity to major cities etc…and on top of this, it's really difficult and expensive to build right now. Due to costs and regulations'. There isn’t a pipeline of single family homes being built at the rate which can satisfy the demand.
Point is, if you are thinking about buying but are waiting for a "Market Correction" and prices to drop you might be putting yourself in a worse position because that's not guaranteed to happen. By the time you enter the market as a buyer home prices could very well be higher and you've missed out on building equity in a home while you’ve waited.
I don't have a crystal ball but I can help you navigate your purchase if you're looking to buy.
Reach out anytime to discuss. 

603-714-4990.
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