NH Real Estate Market Report Year End 2009

NH Real Estate Year End 2009 Market Report

Exciting news! For the first time in five years we can actually say we closed out the year, ahead of the previous year!  2009 year end state wide unit solds came in ahead of 2008 by 6 percent.

According to data released by the New Hampshire Association of REALTORS (NHAR) there were 10,832 single family homes sold in NH in 2009 that is up from the 2008 total of 10,208.

While sale prices still lag behind 2008 with a decrease of 10% bringing the median sales price in 2009 to $212,000 compared to 2008 figure of $235,000.   The tax credit continues to be an attractive incentive and along with competitive home prices and low interest rates we’re expecting a very active NH spring market.

17% increase in Units Sold

January  2010 state wide unit solds in comparison of January 0f 2009 show a fantastic 17% increase! If you’re thinking of buying or selling and want to take advantage of the Tax Credit give us a call and we can chat about your options.

New Hampshire Real Estate Blog

Jay and Monika McGillicuddy, NH REALTORS

Prudential Verani Realty

2 Main Street Hampstead NH

603-327-0246 direct line

603-434-2377 office

Monika cell 603-548-7728

Jay cell 603-548-7685

Rockingham County Real Estate Market Report Nov 2009

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

State wide stats released… June 2009

Statewide NH statistics a cause for celebration?

The New Hampshire Association of REALTORS recently released the June’s year to date statistics. The  New Hampshire housing market stats show some encouraging signs, however small, but I would not celebrate yet.   In June for example there was a slight increase in residential sales, a decrease in foreclosures and a 22-month low in the state wide absorption rate. All of course indicating a positive trend. While I love good real estate news and there is some to be found here, we still have a long way to go before we can call this market history.

Real Estate is local

Even within NH real estate is local and while word on the street is encouraging even if the stats are not all that great. Personally our southern NH market has been busy and I am thankful for that. I think we’re at or close to the bottom and with the $8,000 tax credit and some incredible prices many smart buyers are shopping!  But let’s look at the statewide  statistics with the June sales numbers showing an increase in residential unit sales by 0.5 % over June of 2008, from 1,145 in 08 to 1,151 in 09. Over all prices are down statewide with the median price in 2009 at 225,000 down 12%  from 255,000 in June of 2008.

New Hampshire buyers sitting on the fence?

Now is the time to jump off. Don’t let these prices and the $8,000 tax credit slip you by. Give us a call and we can chat about your housing needs.

Hampstead NH Real Estate market report

The proof is in the pudding… or should I say the proof is in the chart below. The Hampstead NH real estate market has really started to heat up, check out the chart below which shows a one year history of the Hampstead market!
While inventory is slightly up from a year ago…so are the closings but take a look at those pendings!

That is an awesome increase!
If you are thinking of selling your Hampstead home, I would strongly suggest listing it now and if you’re a home buyer looking to find that perfect home now is the time to jump off the fence.

None of us have a crystal ball but with all the real estate market activity happening and the pending sales are increasing, all indicators are pointing to the strong suggestion that the bottom is here.

Hampstead New Hampshire Real Estate Market report
March 2008 to March 2009

(data provided by Trendgraphix and NNREN)

Danville N. H. 15 month real estate market history

Danville NH 15 month real estate market report includes single family homes and condos.

*All reports are published Jan. 2009, based on data available at the end of Dec. 2008.
All reports presented are based on data supplied by the Massachussets Real Estate and New Hampshire Real Estate or their MLS. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their 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.