June 2009 – The New Hampshire Real Estate Market
by Michelle on July 21, 2009
in NH Real Estate Market
Well, it is officially summer! It will be very interesting to see what the summer real estate market will have in store for us.
Quick Stats:
As usual these days, there are plenty of active listings to go around. Both Carroll and Belknap active listings are up about 7% over last month, but that is to be expected with new listings coming on for the summer. Carroll County had a relatively strong month with Pendings increasing 7% and closings increasing 35% (woot, woot!!), while Belknap did not do quite as well with Pendings down 15% and closings down 10%. Come on Belknap, stay with us!
Average Sales Price:
The Average Sales Price in Carroll County is down to $169,900. It was $179,000 the prior month and $200,500 this time last year. Average Days on Market:
This year Carroll County is quite sporadic with regards to the average time on the market. As you can see it has been quite up and down for the past few months. This month`s downward trend is a good sign… let`s hope it continues!
Absorption Rate:
And…the ever important absorption rate. Carroll and Coos still have the highest rates with 29.5 and 28.6 months of inventory on the market, respectively. Hillsborough County once again has the lowest rate with 14.2 months.
The rates are up pretty much across the board. I would like to think that it is because of the influx of new spring/summer listings. We shall see!
Statistics Copyright 2009 Northern New England Real Estate Network, Inc. The reproduction of these statistics is done with the permission of NNEREN. The statistics referenced herein are based solely upon listings submitted to the multiple listing service database of NNEREN and do not include all properties sold and marketed for sale. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. Any analysis or commentary related to these statistics is that of the commentator, and not that of NNEREN.
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