LACONIA NH | AUGUST HOME SALES REPORT

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Laconia NH | August Home Sales Report  - Laconia single-family home sales increased 3.5% from July and the same amount year over year.  Home sales year-to-date, however,  were up 9% with 144 closed transactions compared to 132 during the same eight-month period a year ago.

August dollar sales volume declined 15.11% year over year to $7.14 million.  For the year thus far, dollar volume was down 4.43%  year-over-year, from $33.75 million in 2014 to $32.25 million.

The month of August saw 47 new listings added to inventory,  up 51.6% from a year ago, when 31 homes were brought to market.  Year-to-date through August 354 homes were brought to market compared with 315 homes last year, a gain of 8.85%.  Currently, there are 243 homes available for sale, or a 14-month supply of available housing based on an average statistical absorption of 17.4 units per month over the previous 12 months.   Forty six Laconia homes are presently under contract or pending sales.

Meanwhile, the median price of a Laconia home stood at $215,500 in August, up 33.02% year-over-year.  YTD, however, the median home price was at $174,400, down 7.24% through the end of August a year ago.

Laconia homes on average took 60 days longer to sell in August than a year ago, an increase of 90.12%. but YTD the sales pace was 20% faster than in 2014 with homes on market an average of 118 days compared to 147 days last year.

HERE ARE THE RELEVANT HOUSING NUMBERS*:

ALL HOUSING:        AUGUST YoY | YTD YoY

New Listings:            77/56 (+ 37.5%)  | 564/533 (+05.81%)

Sold Listings:             45/50 (- 10%)  | 235/211 (+ 11.37%)

Pending Listings:      31/26 (+ 19.23%)  | 140/150 (- 06.66%)

$ Vol. Sold (Mill):       9.55/12.33 (- 22.58%) | 50.24/46.71 (+ 07.54%)

Median List Price:     .170/.167 (+ 02.04%) | .175/.169 (+ 03.49%) 

Median Sell Price:     .160/.159 (+ .47%) | .169/.160 (+ 05.62%)

Ave. Days on Mkt.     113/71 (+ 60.21%) | 115/138 (- 16.26%)

* Based on information from the Northern New England Real Estate Network, Inc., for the periods shown.

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 Please visit my website at www.randyhilmanhomes.kwrealty.com  For direct inquiries or questions, please email me at  rhilman@randyhilmanhomes.com or call 603 569-HOME (4663).