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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NH Real Estate Professionals Jay and Monika McGillicuddy
Jay and Monika McGillicuddy, covering southern NH and the Seacoast area. If you’re thinking of selling or buying a southern NH or Seacoast area home give us a call…we’d love to help make your home ownership dreams come true.
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This is a positive move!
I’ll take any improvement.
Can’t wait to see the June numbers. Buyers are out there all wanting to take advantage of the tax credit. We still have a way to go before we even come close to a sellers market but this activity is a very good thing.
MM;
-11% change improvement…is not even two units.