Market data from the Seaocast Board of Realtors shows a decline in home sales for the month of January. Although the buyer tax credit was extended, the enthusiam isn't there as it was in the fall. Many buyers that I talk with now are casually looking but don't feel the need to get in before the deadline, they don't want to feel rushed into buying a home just to get the $8,000. There is a lack of urgency. I expect the influx of spring market listings will help bring buyers away from their computers and out at open houses and showings. Let's find a house together before the end of April!
IMMEDIATE RELEASE - February 1, 2010 FOR MORE INFORMATION: Joanna Rousseau, President Seacoast Board of REALTORS Joanna@beangroup.com JANUARY RESIDENTIAL AND CONDO SALES DECLINE PORTSMOUTH - January single family and condominium sales totals declined from December totals in the nine sample seacoast towns. According to the Seacoast Board of REALTORS, single-family sales declined by 62% and condo sales were off 24%. The totals do not come as a surprise given very low December pending numbers and the time of year. January is usually the sales year's slowest month. Despite the decline, both totals surpassed 2009 figures. Residential sales were 13% better than January 2009, while last January there were only three condo closings. This time around there were 13. Of the 18 single family sales, ten were for more than $400,000 and the four sales in the $700,000 to $1 million category tied June for the best performance in that price group in the last 12 months. "Despite the decline in numbers over the previous month, sales are still up over the 2009 numbers," said Joanna Rousseau, president of the Seacoast Board of REALTORS. "The closed sales in higher priced homes, is a great indication showing us that consumers are still looking for good value. It is still a great time to buy. Consumers who have been sitting on the fence should call a local REATOR today." 2010 Seacoast Single-family sales statistics (Nine sample Seacoast towns - These statistics exclusively compiled by John Rice) Single-family residences Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Active 406 Pending 25 Solds 18 Less than $400,000 8 $400-$700,000 6 $700,000-$1m 4 $1m+ 0 2009 Solds 16 16 23 30 49 52 48 41 39 43 48 47 Condominium sales statistics Active 278 Pending 16 Solds 13 Less than $300,000 8 $300-$600,000 5 $600-$1m 0 $1M+ 0 2009 Solds 3 12 18 16 20 28 35 17 18 29 23 17
Comments(0)