September 2009 – The New Hampshire Real Estate Market
by Michelle on October 19, 2009
in NH Real Estate Market
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 !
