Hampstead NH real estate absorption rate

Keeping my finger on the pulse of Hampstead real estate market

Often times one can not see changes while in the middle of them and the real estate market is no different. After all if we all had a crystal ball we would all buy when the market is at it’s lowest and sell at it’s peak. Usually however we only know we’re at bottom when prices start to increase.

Busy streets in Hampstead NH

So what am I seeing on the streets? A lot of activity! Certain price ranges are moving very fast and seeing multiple offers. The condo market however is still very slow,  single family homes priced under 200k are very popular and inventory Bank owned homes have decreased although we’re told a new wave is coming in Sept/October.

Hampstead NH Absorption rate

This chart shows the absorption rate for the last 6 months of Hampstead NH  real estate. The slight increase in the last few months reflect listings added to the market but note the change of 11.4 % this is a good thing to see! This .chart reflects data to the end of May 2009

Additional reading:

What the heck is an Absorption rate and why should I care???

Hampstead NH- What is the real estate market doing?

disclaimer….

All reports presented are based on data supplied by the Massachussets Real Estate, Boston Real Estate and New Hampshire Real Estate or their MLSs. Neither the Associations nor its MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT © TRENDGRAPHIX, INC

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Rockingham County Market trends

Rockingham County is rocking some real estate

I’ve decided to look back at the last 6 months of real estate market activity for Rockingham County. I know my immediate real estate market has been very busy in fact so busy that is has impacted my blogging time! I’m not complaining…bring it on! The Rockingham County real estate market is definitely rocking! This chart reflects residential real estate activity up to the end of May 2009.

Check April’s Trends report …Rockingham County Market Trends

*All reports are published Jun. 2009, based on data available at the end of May. 2009.
All reports presented are based on data supplied by the Massachussets Real Estate and New Hampshire Real Estate or their MLS. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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Hampstead NH Home Sales January Thru April 2008 vs 2009

Hampstead NH home sales from January 1, 2008 through April 30, 2008 vs the same time period in 2009 are featured below.

Jan 1, 2008 through April 30, 2008

There were 16 homes sold at an average price of $ 314, 244 with a median price of $317,000 . Their average days on market has been 147 days and median days on market are 129. Their price per square foot has averaged $127.00 with a median price per square foot as $118.00.

Jan 1, 2009 through April 30, 2009

There were 23 homes sold at an average price of $261,813 with a median price of $254,500. Their average days on market has been 99 days and median days on market are 67. Their price per square foot has averaged $121.00 with a median price per square foot as $125.00.

Sales in Hampstead are up 69.5 % over the same time frame from last year. Their average prices have declined 17% while days on market have shrunk  by 33%.

These statistics show us that the market has picked up this spring while home prices are still declining. It is also taking less time to sell your home as compared to last year.  With these prices we should see more sales from May June July and August of this year compared to last year.

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Rockingham County~Market report April 08 to April 09

Inventory is down, which is a good thing to say, closings are also down (not so good) but  pendings are up. Typically it takes 6-8 weeks to close on a home once it goes under agreement.  Last month’s Rockingham County report showed an increase in both solds and pendings and we should see those homes close and be reflected in next months report. This chart compares April 2008 to April 2009.

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Atkinson NH Real Estate Market report

Atkinson NH real estate market heats up!

This Atkinson NH real estate market report covers the time period from March 2008 to March 2009. While neighboring Hampstead’s  market report shows an increase in activity, Atkinson for the same time frame shows a decrease.  April stats should show an increase,  since pretty well every REALTOR I know is out straight!

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Hampstead NH Real Estate market report

The proof is in the pudding… or should I say the proof is in the chart below. The Hampstead NH real estate market has really started to heat up, check out the chart below which shows a one year history of the Hampstead market!
While inventory is slightly up from a year ago…so are the closings but take a look at those pendings!

That is an awesome increase!
If you are thinking of selling your Hampstead home, I would strongly suggest listing it now and if you’re a home buyer looking to find that perfect home now is the time to jump off the fence.

None of us have a crystal ball but with all the real estate market activity happening and the pending sales are increasing, all indicators are pointing to the strong suggestion that the bottom is here.

Hampstead New Hampshire Real Estate Market report
March 2008 to March 2009

(data provided by Trendgraphix and NNREN)

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