September 2009 – The New Hampshire Real Estate Market
by Michelle on October 19, 2009
in NH Real Estate Market
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.
July 2009 – The New Hampshire Real Estate Market
by Michelle on August 13, 2009
in NH Real Estate Market
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:
June Homes Sold – A Study
by Michelle on August 3, 2009
in NH Real Estate Market
Today I am in a numbers mood. So… I thought I would play with stats. As it is the last day of July, this month`s numbers are not quite complete, so I used June.
This following shows the June numbers for the last five years. The important numbers are the median price, the number of sales, and the total sales volume.
The number of sales is down 37% from June 2005 to June 2009, while the sales volume is down 45%. Looking a little closer at those sales numbers…
Sales up to $100,000 – UP 166%
Sales $100K – $200K – DOWN 32%
Sales $200K – $300K – DOWN 60%
Sales $300K – $400K – DOWN 22%
Sales $400,000 and up – DOWN 47%
The incredible jump of homes less than $100,000 is foreclosures. No doubt about it. And the $200,000 – $300,000 homes have taken the brunt of the downturn, which is pretty evident when you look at recent activity. Take real estate sales in Tuftonboro, for example. There are currently 40 properties on the market between $200,000 and $300,000, and only one lonely pending sale. Over the past 12 months, there have been four sales in this price range. Compare those figures with the $300,000 – $400,000 price range, with only 13 active listings, one pending sale, and seven sales in the past year.
The good news? If you are a buyer and are looking in the $200,000 – $300,000 price range, you certainly have the pick of the litter! If you are a seller (like one of my clients), well, competition is tough. BUT, homes are selling. Price it right and make sure your agent is advertising on the internet and is there for all showings. The summer selling season has really just begun!
CustomNHHome.com
by Michelle on July 30, 2009
in Featured Listings
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.
