The condominium market activity for Salem, New Hampshire shows signs of a balenced market. Except in the 55+ communities which shows a significant shortage of available housing.
Currently there are 18 condominiums for sale in Salem,NH. Ranging in asking price from $35,000 to $265,000 with a median price of $152,000. An additional 4 are currently pending sales planning on closing within the next 60 days. Median asking price for those under contract is $127,700.
Condominiums that have sold since April 30th, 2010 are 18, showing a balenced market. However the median sales price was $127,700 for a 2 bedroom, 2 bath, 1100 sqft. garden style condo. Average days on market was 120 days.
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55+ communities show a major shortage in condominiums aimed at the 55+ consumer. Currently there is 1 out of the total 18 condominiums classified 55+. Asking price $265,000. There are an additional 2 condominiums under contract for sale with a median asking price of 209,900. Since April 30th, 2010, 5 condominiums have sold with a median sales price of $202,000.
(Information from data collected from the Northern New England Real Estate Network--MLS)
Below is a graph of the past 15 months condominium market activity for Salem NH.)
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