Bedford, NH Real Estate Market

Bedford, NH has a modest population of 20,987 with a median household income of $108,956. Bedford is the hometown to St. Louis Cardinals pitcher, Chris Carpenter as well as, actress/comedienne Sarah Silverman, and actor/comedian, Seth Meyers of Saturday Night Live fame. A couple of nearby colleges to note include the 2-year public college, Hesser College and the 4-year public college Saint Anselm College. Bedford was founded in 1750 and named for Lord John Russell, 4th Duke of Bedford, Secretary of State for the Southern Department (1748–1751), and a close friend of Governor Benning Wentworth, whose first wife, Diana Spencer, was cousin to the Duke of Marlborough.

Now for the New Hampshire real estate statistic folks, let’s get right into it.

Number of Bedford, NH Homes For Sale Increase While Asking Prices Decrease.

There were 176 Homes For Sale in October 2010 in Bedford, NH down over 4% on a month-over-month comparison and up in a year-over year comparison of 17.3% with 150 homes for sale.
The average active price for homes for sale in Bedford, NH in October was $487,000 with a year-over year comparison of $566,000 in 2009 a change of 13.9%.
Number of months supply of inventory for homes for sale in October was 8.8 months in comparison to 6.5 months supply of inventory this time last year.

Bedford, NH Homes Sales Down but Pendings Up!

The number of sold homes in Bedford, NH in October of 2010 was 20, a month-over-month increase of 17.6% in comparison to September’s 17 homes sold. There was a 13% decrease however in a year-over-year comparison with 23 homes selling in Bedford, NH this time last year. We predict that we will continue to see year-over-year decreases for several more months to come, due to what we felt was an artificial number of homes sold in New Hampshire last year this time caused by the tax incentive.

The average Bedford, NH homes sold price in October was $374,000. How much has that changed? The Bedford, NH market of homes for sale has seen a month-over-month change of a little over 6% with September coming at $398,000 and a year-over-year of 16.5% rising from an average of $321,000 for a home in Bedford, NH in October of 2009.

The number of homes placed in a pending status in October increased by 4.3%, in a month-over-month comparison and 14.3% in a year-over-year comparison.

The number of days a Bedford home stayed on the market this October was an average of 88 versus 86 days of the market in 2009.

For more stats and numbers about other New Hampshire towns, visit www.verani.com!