Early Summer Market Insights: Low Mortgage Rates, High Sales!

Summer is officially here, and there continues to be new developments in the Seacoast NH and ME real estate scene. Let’s explore the ever-changing landscape of the Seacoast’s property realm as we head into the warmer months of the year.

June’s High-End Surge and Sustained Demand
In June, high-end home sales, $1 million dollars or more, propelled the Seacoast real estate market to its strongest month so far in 2023! Even though May was a strong month, the inventory shortage continues, making the Seacoast real estate market extremely competitive.

The good news is that even with higher interest rates, it appears that the demand for Seacoast real estate remains high.

Guidance Through Competition
With years of experience in this fiercely competitive market, I’ll guide you through every step of the way. Don’t settle for anything less than success – reach out when you’re ready to make your move!

Positive Shifts: Mortgage Rates and Housing Costs
Along with high sales in June, mortgage rates fell last week, following the Federal Reserve’s decision to not raise interest rates—a much-anticipated break in the wake of 10 consecutive rate hikes over the past year.

And, housing prices have slightly decreased too, presenting a potential opportunity for home buyers.

Conclusion
Mortgage rates dropped, and home prices are down. Is this the trifecta that weary home shoppers have been waiting for? I’d say so! Send me a message if you’re ready to make a move this summer and subscribe to my newsletter for more real estate market insights!

Source: https://www.realtor.com/

visit Mary’s YouTube for More Insights:

Everything Exeter with Mary Strathern, NH Realtor

March 14, 2023

Welcome to Everything Exeter! I’m Mary Strathern and I am here to share with you all the great places and reasons to make Exeter, NH and the Seacoast your home!

Mary's Mortgage Minute with Laura Gibb of Blue Water Mortgage

May 4, 2023

Mary Strathern, Exeter, NH realtor talks with Laura Gibb about different downpayment options for homebuyers – what’s acceptable and what’s not.

Mary & Pam Staging Tips Video #1

March 20, 2023

Mary Strathern, Seacoast NH realtor talks with Pam Tiberia, owner of Spruce Interiors in Hampton, NH about choosing paint colors when staging your home for sale.

Mary Strathern, Seacoast NH Realtor's Mortgage Minute

April 19, 2023

Exeter, NH realtor, Mary Strathern talks with mortgage lender Justin Perry of LoanDepot in Portsmouth, NH about mortgage rates trending down and what that means for homebuyers. 

Meet Mary Strathern, Realtor

Aug 26, 2023

Hi, I’m Mary Strathern with Berkshire Hathaway HomeServices Verani Realty! Buying a home can be stressful, but I can provide support every step of the way. Let me help you find your dream Seacoast NH home!

Mary's Mortgage Minute with Laura Gibb of Blue Water Mortgage

May 4, 2023

Mary Strathern, Exeter, NH realtor talks with Laura Gibb about different downpayment options for homebuyers – what’s acceptable and what’s not.

Mary Strathern, Seacoast NH Realtor's Mortgage Minute

April 19, 2023

Exeter, NH realtor, Mary Strathern talks with mortgage lender Justin Perry of LoanDepot in Portsmouth, NH about mortgage rates trending down and what that means for homebuyers. 

Mary & Pam Staging Tips Video #1

March 20, 2023

Mary Strathern, Seacoast NH realtor talks with Pam Tiberia, owner of Spruce Interiors in Hampton, NH about choosing paint colors when staging your home for sale.

Get in Touch

Prefer to reach out to me directly? Please do! I look forward to hearing from you.

Call Now Button