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Spring finally arrived in So. New Hampshire and the real estate market continued to heat up as well.
The New Hampshire Real Estate Market continued on the road to a slow recovery during the first quarter of 2013 according to the statistics recently released by the New Hampshire Association of REALTORS®!
The spring sales of residential housing units saw a 16th consecutive month of year-over-year increases in March. Home prices were marginally higher, leading to a first quarter that was 8 percent ahead of the same period last year in terms of sales. The median price increased 4 percent.
Last year showed a 21 percent residential unit sales increase which signified the most total sales since 2006. Through the first quarter of 2013, that rate further improved, with 2,426 sales in 2013 compared with 2,238 in 2012.
The Median price rose from $189,250 after the first quarter of 2012 to $193,000 in 2013.
The sales volume for the first quarter (meaning the total dollars exchanged in those sales) was $538.7 million for the first quarter of 2013; an 8 percent jump from the $499.6 million in the same period in 2012.
Condominium activity is trending at a greater rate this year and is ahead in unit sales by 18 percent. There was a 10 percent increase in the median price.
Seven of the 10 New Hampshire counties saw residential unit sales increases in the first quarter and the median price increased in seven of 10 counties.
Southern New Hampshire is experiencing a lower inventory of homes than last year, making it a good time for Sellers to list their homes for sale.
For buyers, homes remain affordable and interest rates are still at historical lows making it a good time for buyers to purchase a home.
With the transitions we are experiencing in the current market, it is important to work with a real estate professional who is on top of the latest trends so that Buyers and Sellers can make an informed buying or selling decision. Please contact me, I would be happy to help you Make the Right Move SM.
The interest rates continue to remain historically low, and homes remain more affordable, It IS A GOOD TIME FOR BUYERS TO BUY.
Sellers in Southern New Hampshire who prepare their homes and price them for the current market are selling their homes more quickly and in some cases, are getting multiple offers. IT IS A GOOD TIME TO SELL.
If you would like to know if it is a good time to buy or sell, please contact met and I will be happy to discuss how I might be able to assist YOU. 603-566-1715 or email RealEstateAgentNH@gmail.com.
Note Statistics are based on information from the Northern New England Real Estate Network (NNEREN) for the respective periods shown for the respective regions in the State of New Hampshire on all towns in the State of New Hampshire. All analysis and commentary related to the statistics may be that of the New Hampshire Association of Realtors® and not that of NNEREN.Copyright 2009-2013, 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.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.