Stratham NH Housing Market Update - November 2023

Greetings, Neighbors! Welcome back to another exciting episode of our monthly Stratham NH Housing Market Update! In this special edition, we'll be delving into a comparative analysis of the local real estate scene, exploring the shifts from November 2021 to our most recent month, November 2023. Buckle up for a journey through the captivating world of Stratham NH real estate!

1. Stratham NH Housing Market Highlights

- New Listings: 3 in November 2023, compared to 10 in November 2021.
- Under Contract: 3 Properties in November 2023, a significant drop from 16 in November 2021.
- Closed Properties: 8 in November 2023, down from 22 in November 2021.
- Median Price: November 2023 at $740,000, showing a notable increase from $609,450 in November 2021.

2. Market Analysis

The increase in interest rates has caused a substantial shift in our local real estate landscape. The data reveals a 30% reduction in inventory this November compared to the same month in 2021, resulting in a 17% improvement in median prices. A closer look at the numbers suggests a dynamic and evolving market that demands attention.

3. Considering Buying or Selling?

If you're contemplating a move in Stratham's dynamic or selling your home in Stratham, let's chat! Whether you're buying or selling, making the right decision is crucial. Connect with us for personalized advice tailored to your unique situation.

4. In Conclusion

With the Stratham NH real estate market evolving rapidly, staying informed is key. Our November 2023 update highlights the shifts and trends, emphasizing the need for careful consideration in buying or selling decisions. Don't hesitate to reach out for a personalized consultation tailored to your needs!

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