Presentation Explains the State of Real Estate in Andover

Low interest rates favor home purchases

By Larry Chase, Andover Community Hub
Ty Morris gives a presentation about the state of real estate in Andover, during a Hub-sponsored event in November. Photo: Larry Chase

According to local realtor Ty Morris, who spoke on the subject of real estate sales in Andover at a November event sponsored by the Andover Community Hub, there is good news for actual and potential home sellers, and not-so-good news for actual and potential home buyers:  Competition for New Hampshire homes is driving up values and prices.
 
Morris added that “Sellers are benefitting from their investments while home prices remain on the rise. Still, it may be the best time to purchase a home as interest rates are historically low, and home values are projected to remain steady over the next few years. 

“We may be looking at the new normal of buying and selling real estate in New Hampshire. Feel free to email me with your questions at Ty@nullTheCBLife.com.” 

A video recording of the Morris presentation will be available for public viewing soon on the Town website. Data in the charts provided by NEREN (New England Real Estate Network) in November 2021.