Hampstead Town Hall
We are now a month and 3 weeks into 2012 and it looks like single family existing residential home sales for 2012 are up 200% over January 2011. Yeah the percentage sounds like a lot but you must realize only one house in Hampstead closed in January of 2011 compared to 3 in January 2012.
Inventory is down 15.7 % from January 2011 vs 2012. There were 38 homes for sale in January of 2011 vs 32 in 2012.
Pending sales in 2011 were 9 as compared to 3 in 2012 that is down 66.6% and should make home sales down in future months.
New listings that have come on the market in January of 2011 vs 2012 is virtually the same. Both years have seen 7 homes entering the market.
Dollar wise we are seeing home prices still declining. In January of 2011 the average home that was on the market was priced at $277,000 as compared to $265,000 in 2012. That is a decrease of 4.3%. With only one home selling in 2011 for $322,000 and 3 homes in 2012 which their average was $203,000.
So, it looks like the less expensive homes are currently selling and the less expensive homes are being listed in Hampstead so far this year. Time will tell to see if the more expensive homes enter and sell in this market.
This report does not include new homes, mobile homes, land and condominiums for sale.
This IDX solution is (c) Diverse Solutions 2012.
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