Prices Stable, But February Home Sales Volume Down Over 30 Percent In Dover NH

Dover NH Real Estate Update - February 2008.

There are currently 157 homes for sale in Dover, NH with an average list price of $363,964.

Overall the real estate story in Dover is similar to other Seacoast communities. Transaction volume in February was down about 30% from last year. There were a total of 13 homes that sold in Dover - the average sales price remained in the same range as last year and the list to sell ratio stayed in the same general range at 97% of sales price.

There were just 12 new sales contracts in February, down over 40% from last year, and the time on market stretched over the six month mark.

40 homes came on the market in Dover last month which was just over twice as many new listings as came on the market last year. The average asking price was up slightly with a 3.6% increase.

Twelve Months Supply Means Buyers Market

Dover’s current inventory of 157 homes for sale represents a twelve month housing supply - a strong buyers market. Sellers should do everything possible to make their property attractive and available to buyers.

Where do you think the Dover market is headed? Leave a comment below!

Based on information from the Northern New England Real Estate Network, Inc. for the period February 1, 2007 to February 29, 2008.