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May 10, 2010

Comments

Richard Stabile Bergen County Real Estate

Thats great! I hope it keeps up. We need a little more of this to balance out.

Jeff Ragan

Awesome! Thank you for this wonderful information. I've learned a lot so far. Keep up the good work and more power!

Thanks,
Joe

conveyancing cheshire

Good news, great post- i look forward to reading the next one.

Brian

These numbers don't mean much without seeing the actual number of sales. I've been watching the condo market in Haverhill for several months and there is a ton of inventory, not much is moving, and asking prices keep getting reduced.
I have a feeling the Q2 numbers (after the tax credit has expired) will be tough to put a positive spin on.

Rich Rosa

I agree Brian. There is no doubt that the now-expired tax credit played a roll in pushing up sales and median price.

On the other hand, historically low interest rates have not gone away, and those low interest will continue to be an incentive to buyers.

Although the job market has not improved much, it hasn't gotten worse, so people are a little more confident they'll have a job in six months. That also is bringing some people off the sidelines.

Condos sales and prices have been hit particularly hard over the last four years in Haverhill. I think the single-family market will stabilize first. Once that happens, condos will follow.

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