We are looking at homes sold data to determine the state of the Real Estate Market in New Hampshire. These charts are tracking Average Sales Price for the last four years verses the last twelve months classified by County.
Half of our counties experienced peak Average Sales Price in 2006 and the other five saw the peak in 2007. The recession was fully entrenched in 2008 and the decline of Average Sales Prices is evident. While the Federal Home Buyer Tax Credit was established in 2009 to prop up a sagging National market, there is no doubt that the Tax Credit was an artificial component of the market and had it's un-natural and un-intended results.
Only one county has not seen the turn yet as the rest of the State has seen the bottom pass. Some counties have seen gains of only 1% and others have seen gains of 10% just in the last twelve months.
Here is proof that the time to buy is now. The lowest interest rates in decades, reasonable home prices, and lots of good inventory are pushing buyer's purchase power upward. That's good news for sellers, too.
About The Author: This blog is provided by Marty Patrizi a Realtor with Virtual Homes Real Estate. Marty can be reached at 603-781-4099 or via email: marty.patrizi@virtualhomes.com.
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