New Hampshire Market Reports - 2009, Second Quarter (YTD)
The single family statistics show a decline of average selling prices from $287,470 to $237,819 (-13%) with condominiums falling from $204,159 to $177,437. The first quarter of 2009 was one of the worst real estate markets on record and will affect the overall averages in 2009.
The number of transactions sold remained steady with a small decline of 4% and DOM (days on market) increased slightly to 141. Sales are expected to continue at this level for 2010.
Condominium sales in New Hampshire declined from 1346 transactions in 2008 to 1097 in 2009. There was a dramatic drop in average sales prices from $204,159 to $177,437 which is attributed to the foreclosure market.
Quarter by quarter comparisons will provide a more accurate representation of current market conditions. Visit New Hampshire Real Estate 2009 market report for a complete analysis. Virtual Homes Real Estate agents will provide you with a specific market report of your town and a complimentary market analysis of your home.