New feature!  Wondering what the housing trends are in our local market?  Introducing my new Housing Trends newsletter.

PAULETTE’S ANDOVER HOUSING TRENDS NEWSLETTER

Some interesting facts we don’t often read or hear about in the daily news… and some reasons to feel good about our homes!

Current national trends in housing

70 % of Americans continue to view owning a home as part of the American dream¹

62% of consumers feel tht buying a home in the current market is a good investment over the next 10 years²

75%  of homeowners state that their home defines their identity⁵

64% of all buyers are married couples, 18% are single women, 10% are single men and 7 % are unmarried couples³

Buyers searched for an median of 12 weeks and visited 12 homes before they found the one they purchased³

35% of the homes were on the market less than 2 months before they sold⁴

39% of sellers did not reduce the asking price, 26% of sellers reduced it once and 35% reduced the price two or more times³

Homes are selling and the spring market in the Andover area is in high gear! Curious about the state of the market in the Andover area, see what’s selling in your neighborhood!

Sources:

1 Wall Street Journal, October 4, 2011

2 Bank of America: Mortgage Index Study, December 8,2011

3 National Association of Realtors Profile of Home Buyers and Sellers 2011

4  National Association of Realtors

5 Move, Inc

Let’s take a look at the sales data for single family home sales in Andover and North Andover.

Want to know what’s happening in YOUR NEIGHBORHOOD?