New Hampshire Real Estate Brokerage Performance Through February 29, 2008

Michael BeanMarch 2nd, 2008
by Michael Bean

Well, the first two months of 2008 have come and gone and it is time to assess the state of the New Hampshire Real Estate market.

I am proud to announce that Bean Group’s 2008 year to date sales volume qualifies us as one of the top five real estate brokerages in the NNEREN MLS (there are more than 1700 NNEREN member firms).

This is an improvement over 2007 when Bean Group ranked as the sixth largest Real Estate Broker in New Hampshire by total dollar sales volume. In 2007 Bean Group ranked in the top four New Hampshire Brokerages for closed buyer side transactions.

New Hampshire Real Estate Brokerage Performance

It is interesting to note that as of March 2nd nearly two thirds of member firms in the NNEREN MLS have not reported a single sale yet in 2008.

The average total closed sales for the 572 firms that have reported a sale is $1,691,525. The median is less than $1,000,000 at $968,130. On average those firms have closed on just 7.1 transactions year to date.

These numbers are the average sales for real estate firms. What is a real estate firm? It is the entire broker organization – whether a brokerage has a single office or 20 offices, whether the firm has 1 agent or 100 REALTORS.

So when you look at the 2008 year to date numbers you begin to understand that there are many real estate companies in the Northern New England region that may be in danger of not making it through the year.

Thank you.

As principal broker of Bean Group I would like to thank all of our customers and clients that have allowed us to serve them. I would also like to thank our entire team of agents as well as our talented and hardworking operational staff and management team for putting Bean Group so close to the top of the ladder in such a short time.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2007 to March 2, 2008.

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