Rockingham County Real Estate Market Report Nov 2009

December 29, 2009 by Monika McGillicuddy
Filed under Market Reports

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