Exeter Homes Prices Down Overall In 2007, Sales Levels Same As 2006

Exeter NH - 2007 Summary
Residential Real Estate Market Report - Single Family Homes

Same Amount of Homes Sold in Exeter As Prior Year

In 2007 as in 2006 there were 107 Exeter homes that were sold, but while the number of transactions stayed the same other pieces of the Exeter real estate picture have changed.

Exeter Saw Less Homes Put Up For Sale In 2007

The same number of homes were sold, but there were actually less homes put on the market in 2007 then went on the market in 2006. In 2006 there were 241 homes that came on the market in Exeter. In 2007 that number was down 18.8% to 198 homes.

Exeter Listing Prices Down From Previous Year

In 2007 the average price of homes that were listed for sale was $413,620, which was 91.5% of the average asking price in 2006.

Exeter Homes Sold For 9.9% Less Than What They Sold For In 2006

The overall listing (or asking) price of the homes that sold in 2007 was down 6.8% from the previous year to $404,645. The average selling price of the homes that sold in Exeter was down 9.9% from 2006 to $387,653.

Exeter Homes Sold For A 4.2% Discount From List Price In 2007

The difference between the asking price and the selling price was widened in 2007 - the average sale was for 95.8% of the asking price (it was 99.1% in 2006).

Exeter Homes Took Longer To Sell In 2007

The time on market lengthened in 2007. On average, sellers had to wait over a month longer to sell their homes as days on market increased by 35.7% from 2006.

Notable Sales

Two historic Exeter Homes sold in 2007 - The Moses-Kent House on Pine Street sold for $1,200,000 and the Amos Tuck House on Front Street sold for $1,285,000.

As noted previously, the Exeter real estate market slowed considerably towards the end of 2007. We’ll see if the Exeter market warms up with the weather in 2008.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2006 to December 31, 2007.