Buyers in Concord are seeing a relatively tight selection, with about 40 homes on the market and only 1.4 months of supply. Contract activity is steady, with 23 new listings and 22 pending sales, even though both new listings and pending sales are down nearly 49 percent from a year ago.
Pricing is adjusting to these conditions, as the typical home value has eased to around $395,000, down about 4.8 percent year over year and 0.6 percent month over month. List prices are moving the other way, with the median list price at $420,000 and up roughly 20 percent from last month, while projections point to a higher list price near $455,050 next month even as typical values are expected to edge slightly lower to about $393,750.
Homes are moving through the market faster, with median days on market at 32, down nearly 47 percent from last month and about 14 percent from last year, and roughly 52 percent of recent sales closing above the list price with an average sale-to-list ratio just over 1.00. Compared with Merrimack County, where typical values are closer to $472,500 and projected to rise, Concord offers relatively lower prices in what is still labeled a seller's market, and Agent Pronto can connect both buyers and sellers with an agent who understands these shifting dynamics.
