May 2009 – The New Hampshire Real Estate Market
by Michelle on June 17, 2009
in NH Real Estate Market
The NNEREN May Stats are out! Time for the monthly review of New Hampshire Real Estate stats!
Quick Stats
As usual…. lots o` active listings in Carroll County. Pending sales are up from last month nearly 25%, though! Sales are down just a bit, from 68 to 57.
Average Sales Price
The average sales price has gone up! Still a bit off of last year, but up is good. Up is very good.
Average Days on Market
The Average Days on Market has been up and down as of late. We are currently at 211 days which is a bit higher than we would like to see! Hopefully we can see this number drop as we come into the summer selling season.
Absorption Rate
The almighty absorption rate… As a whole, New Hampshire had a significant drop over last month, going from approximately 24 months worth of inventory on the market to 18. That is definitely headed in the right direction! Carroll and Coos Counties currently have the highest rates, at 28 and 27 months, respectively. Hillsborough County is down to 14 months!
Absorption Rate over Time
All in all… not too shabby! Properties are starting to go under contract and sell, and more higher priced homes are selling as well. Price it right, and it can be done!
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