State wide stats released… June 2009

Statewide NH statistics a cause for celebration?

The New Hampshire Association of REALTORS recently released the June’s year to date statistics. The  New Hampshire housing market stats show some encouraging signs, however small, but I would not celebrate yet.   In June for example there was a slight increase in residential sales, a decrease in foreclosures and a 22-month low in the state wide absorption rate. All of course indicating a positive trend. While I love good real estate news and there is some to be found here, we still have a long way to go before we can call this market history.

Real Estate is local

Even within NH real estate is local and while word on the street is encouraging even if the stats are not all that great. Personally our southern NH market has been busy and I am thankful for that. I think we’re at or close to the bottom and with the $8,000 tax credit and some incredible prices many smart buyers are shopping!  But let’s look at the statewide  statistics with the June sales numbers showing an increase in residential unit sales by 0.5 % over June of 2008, from 1,145 in 08 to 1,151 in 09. Over all prices are down statewide with the median price in 2009 at 225,000 down 12%  from 255,000 in June of 2008.

New Hampshire buyers sitting on the fence?

Now is the time to jump off. Don’t let these prices and the $8,000 tax credit slip you by. Give us a call and we can chat about your housing needs.