Well the August report from NHAR is out and there are actually a few unexpected turns!
Sales are down 10% from the same time period last year. Surprisingly Prices have only dropped 1% Statewide and in 4 counties have stayed the same or even risen!
Some experts say that perhaps one reason Sellers are reluctant to lower their expectations....is that they may be close to a Negative Equity situation and don't want to be in the position of possibly having to bring cash to the table!
January-July 2007 NH residential (non-condominium) sales
| County | Units sold | % change 2006-2007 | Average price | % change 2006-2007 |
| Belknap | 395 | -21% | $363,900 | +10% |
| Carroll | 406 | -24% | $327,900 | -2% |
| Cheshire | 407 | -21% | $230,300 | -2% |
| Coos | 190 | -16% | $140,200 | +7% |
| Grafton | 516 | -9% | $268,200 | +0% |
| Hillsborough | 1,905 | -9% | $312,700 | -3% |
| Merrimack | 783 | -8% | $274,800 | -3% |
| Rockingham | 1,552 | +3% | $367,400 | -4% |
| Strafford | 668 | -10% | $270,500 | -1% |
| Sullivan | 274 | -15% | $227,300 | +0% |
| Statewide | 7,096 | -10% | $304,400 | -1% |
(Statistics from NNEREN)
The Sales Outlook for New Hampshire may have a tinge of that "silver lining". Even though the Days on Market will be longer the market may be expanding to attract Vacation Home Buyers. Notoriety of visitors like Political Candidates and The President of France...have stimulated the interest of Foreign Investors.
I t may not be much....but it sure looks like a Silver Lining to me!
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