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August 28, 2013

Realtors: N.H. housing sales are improving

Don’t look now, but the housing market may finally start to even out.

For the 20th consecutive month, there was an increase in residential home sales in New Hampshire.

Bill Weidacher, president of the New Hampshire Association of Realtors, said the housing recovery is nearing the end.

“It’s starting to become more clear that we have gotten through the housing recovery stage,” he said. “It’s not all the way there yet, but we’re getting close.”

There were 1,637 residential sales in New Hampshire in July. That is the most the state has seen in a single month since August 2005. New listings for single-family homes were up 20 percent and the inventory decreased 25.7 percent in July.

“It’s a very good sign,” said Realtor Diana Mancuso of Keller-Williams in Londonderry. “People have been nervous the last few years and now I think people know it’s the time to buy and sell.”

At the end of July, she said, there were 98 single-family homes on the market in Salem. At the end of July 2012, there were 200.

“We’ve gotten to the point where people have needed to start making moves,” she said. “People are tired of being scared.”

Giovanni Verani, owner of Prudential Verani Realty, said he’s seen consumer confidence slowly come back.

“We are having a fabulous year,” Verani said. “I think it’s probably that elections are behind us. They’ve been told enough that this is the time to buy.”

Realtor Stephan Coufos of Coco, Early & Associates in Salem said he was surprised at the market action this spring.

“In the winter, we thought it would be an early market,” Coufos said. “We were a little skeptical that it would carry into the spring, but it carried through right into the summer.”

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