New Hampshire Home Sales show a historic Increase!
November was an awesome month as far as real estate statistics goes. Statewide unit sales jumped 70% in November compared to November of 2008. We haven’t seen an increase like this in years! Statewide the residential inventory dropped from a 22 month supply in Jan of 2009 to a 9.1 month supply which is the LOWEST it’s been since June of 2007! All good news and a strong indicator that we are on the rise!
Rockingham County Real Estate Statistics
Rockingham County is looking pretty good too with a 50.6% increase comparing Nov 08 to Nov 09 in residential unit solds. This will be the first time since 2004 that unit sales will end up ahead of the previous year. All good signs.
Prices are down
Prices are still down with Rockingham county year to date showing a 10.9% decrease with a median sales price of $176,000
Rockingham County Absorption Rate
The National Association of REALTORS considers a 6-7 month supply a balanced market and considering that in Jan of 09 Rockingham county had a 20.9 month supply the current figure of 8.4 months is looking mighty fine.
Tax credit waiting for you!
Consider also the tax credit offered to the first time home buyer, some terrific mortgage rates and you have a perfect real estate storm… are you ready?
If so, give us a call as we’d love to help you.
New Hampshire Real Estate Blog
Jay and Monika McGillicuddy
Prudential Verani Realty
2 Main Street Hampstead NH
603-327-0246 direct line
603-434-2377 office
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.
Jay and Monika McGillicuddy, NH REALTORS
603-944-9172 direct
E-mail Jay and Monika
Prudential Verani Realty
603-926-3648 office
About Monika McGillicuddy
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