We’re almost halfway through September, and a friend of mine indicated the leaves are starting to turn up North. Looks like we have two months left for our fall selling season before the holidays begin.
I thought I would research what inventory is available for sale in the Lakes Region, to give you an idea on what is for sale.
The Current Lakes Region Real Estate Market Shift
Personally, I’m finding more inventory, more price reductions, and longer days on the market. We are seeing the market drop from its record highs to a more manageable pace.
However, Realtors I talk to indicate it’s a difficult market, hard to predict. Many properties are selling at close to the asking price if they are priced well. However, many properties are overpriced, and we are seeing longer days on the market with major price reductions.
Current Homes for Sale in the Lakes Region
Let’s take a look at what is currently available for sale in several of our communities:
Single Family Homes for Sale
- 56 homes for sale
- Median list price: $724,949
- Average list price: $1,052,698
- Median days on market: 43
- Total list volume: $50,951,092
- 37 homes for sale
- Median list price: $1,075,000
- Average list price: $1,621,018
- Median days on market: 50
- Total list volume: $59,977,699
- 47 homes for sale
- Median list price: $950,000
- Average list price: $1,745,004
- Median days on market: 79
- Total list volume: $82,015,198
- 4 homes for sale
- Median list price: $845,000
- Average list price: $2,570,000
- Median days on market: 42
- Total list volume: $10,280,000
- 39 homes for sale
- Median list price: $899,000
- Average list price: $2,061,657
- Median days on market: 44
- Total list volume: $80,400,733
- 37 homes for sale
- Median list price: $1,399,999
- Average list price: $1,775,854
- Median days on market: 48
- Total list volume: $65,700,600
- 43 homes for sale
- Median list price: $699,000
- Average list price: $1,201,786
- Median days on market: 53
- Total list volume: $51,676,824
- 21 homes for sale
- Median list price: $379,000
- Average list price: $472,183
- Median days on market: 70
- Total list volume: $9,195,847
- 2 homes for sale
- Median list price: $469,950
- Average list price: $469,950
- Median days on market: 26
- Total list volume: $939,900
- 18 homes for sale
- Median list price: $594,949
- Average list price: $831,394
- Median days on market: 47
- Total list volume: $14,965,099
- 26 homes for sale
- Median list price: $693,500
- Average list price: $1,396,599
- Median days on market: 41
- Total list volume: $36,311,598
Lake Winnipesaukee Waterfront Homes
- 48 waterfront homes for sale
- Median list price: $3,950,000
- Average list price: $4,450,454
- Median days on market: 89
- Total list volume: $213,909,798
- 57 condominiums for sale
- Median list price: $589,900
- Average list price: $684,913
- Median days on market: 112
- Total list volume: $39,040,097
Note: In addition to the 57 condos currently listed for sale, there are presently 27 condo sales that are shown as active under contract, and there are a number of new developments where all of the units have not been released for sale yet. Many new projects are in early stages of development.
Key Takeaway
You can see from the stats above that inventory has been increasing in the Lakes Region; however, the average listing prices have accelerated, and sellers have to be cautious of not over-pricing their properties in a competitive market.
This article was written by Frank Roche. Frank is president of Roche Realty Group located in Meredith, NH, and can be reached at (603) 279-7046. Data was compiled from PrimeMLS and is subject to change. Please feel free to visit www.rocherealty.com to learn more about the Lakes Region and its real estate market
❓ Frequently Asked Questions (FAQs)
Q: How is the Lakes Region real estate market changing right now?
A: The Lakes Region market is shifting from record highs to a more manageable pace. Buyers are seeing more inventory, price reductions, and longer days on the market compared to previous years.
Q: Are homes for sale in Laconia, NH still selling quickly?
A: Closed homes in Laconia are averaging about 27 days on the market YTD. Well-priced homes are selling close to asking price, but overpriced listings are seeing price cuts and slower sales.
Q: Is now a good time to buy Lake Winnipesaukee waterfront homes?
A: With 48 waterfront homes currently for sale, buyers have more choices than in recent years. While the median list price is $3.95M, longer days on the market create room for negotiation.
Q: What towns in the Lakes Region have the most homes for sale?
A: As of September, Laconia, Meredith, Alton, and Wolfeboro have the highest number of single-family homes listed.
