Hampstead NH real estate absorption rate

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

Hampstead NH – What is the real estate market doing

The best way to try and show you what the market is doing is to create an Absorption rate for you.

Hampstead NH Absorption rate Oct 2008… not a pretty picture. Currently there is a 21.7 month supply on the market. This is based on sold data with no price range or size restrictions. If you narrowed it down to a specific price point and size it would narrow significantly. Read more