September NH Market Trend Report…
November 2, 2008 by Monika McGillicuddy
Filed under General R.E. Information, Market Trends Report
September 2008 Market Trend Report
Bad Economic News Makes Selling Anything Harder
It sure does but last I heard oil was below 65.00 a barrel..Yippee!
This months market report by Demographer Peter Francese was released by the New Hampshire Association of REALTORS and the title really says it all. Or does it… I’ll let you be the judge. But keep this bit of info in mind, real estate is local even in NH AND Single family home sales in Hampstead NH are up 18 % as of today compared to last October but prices on average are down 6% from last year with the median prices being down 9% over last year. Up 18% for Hampstead is pretty good especially since Hampstead was pretty hard hit with declining values and sales volume.
Bad Economic News Makes Selling Anything Harder (Reprinted with permission from NHAR)
By Peter Francese
The economic outlook could hardly get much worse. Yet every one of us working stiffs still has to get out of bed every morning and try to conduct some business. There’s little doubt that the remainder of this year and next year will be a difficult one for many businesses, including real estate.
New Hampshire’s annual median family income in 2007 was nearly $75,000 – fifth highest in the nation. Read more
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