Can you believe it is the middle of October already? It will be very interesting to see how the numbers look for the next few months now that the summer buying season is winding down.
Quick Stats:
Pending sales in both Belknap and Carroll Counties are up! Carroll County saw a 1% increase (hey, it is an increase!) and Belknap County rose 8%. Sales in Carroll County rose 6%, while the number of sales Belknap County sales dropped 15%.
Median Sales Price:
Whoops. The median sales price dropped by about 10%. This could be caused by some summer end price drops, or sellers accepting lower offers because it was getting towards the end of the selling season.
Average Days on Market:
The Average Days on Market in Carroll County was a super low 145 days this month! Lets see if this low number turns into a trend!
Absorption Rate:
I absolutely believe that the absorption rate is one of the most important stats to look at … and it is looking good! Hillsborough County is down to a very respectable 8.4 months! Considering that six months ago we were seeing counties with absorption rates in the 30s, this is pretty impressive! Rockingham County is a 10.7, Strafford County is 11.4, and New Hampshire as a whole is at 12.3 months. Not too bad! Coos County currently has the highest rate at 20.3, with Carroll and Belknap Counties just under it at 19.7 and 18.4.
The Absorption Rate trend is certainly going in the right direction. Keep dropping! Keep dropping !
I am very excited to announce a few new pages over at YourRedHouse.com!
Although information about property sales is public knowledge, there is no easy way for consumers to see past sales except by trekking to the County Registry of Deeds, or watching week by week in the newspaper.
So far, you can see Carroll County Home Sales in 2009 and Belknap County Homes Sales in 2009. Prior years may come next…we shall see.
The interactive charts allow you to narrow it down by town, by street number or street name, by sale month or by sale price. A little snapshot of what you will enjoy….
Go check it out!
Can you believe it is August already? The July New Hampshire Real Estate Market statistics courtesy of NNEREN are in! And…you know what? They are not too shabby!
Quick Stats:
There are still plenty of properties on the market, no doubt. However, Carroll County pendings are up 11% from last month, and current closings are up 5%! Up is good, up is good. Belknap County did not fare quite so well with pendings down 5% and closings up about 1%, but still, we have definitely seen worse!
Median Sales Price:
The Median Sales Price is down again and quite a bit off of last year, but this is simply the effect of low priced foreclosure sales.
THIS POST shows that quite clearly for the month of June. In order for the housing market to recover, the price of houses does not necessarily have to increase. The number of houses selling does!
Average Days on Market:
The Average Days on Market for Carroll County has leveled off with last year`s number. Hopefully this is the beginning of it settling down a bit and dropping!
Absorption Rate:
And, most importantly, the Absorption Rate. I absolutely feel that this is the most important number to look at, and the rate is down across the entire state! The rankings have not changed… Carroll and Coos still lead the pack with 28.5 and 27.4 months, and Hillsborough is still the lowest with an almost-respectable 12.9! Maybe we will see a single digit rate in a few months… ?
Absorption Rate over Time:
Overall, the July 2009 statistics for New Hampshire are …ok! It will certainly be interesting to see what August brings.
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.
