EagleTribune.com, North Andover, MA

November 27, 2013

N.H. housing market continues recovery

By Jo-Anne MacKenzie
jmackenzie@eagletribune.com

---- — There’s more good news for people trying to sell their homes and agents handling the transactions in New Hampshire.

Residential sale numbers and prices are up for the 23rd consecutive month, according to the New Hampshire Association of Realtors.

The NHAR released data for October yesterday, which shows more single-family homes and condos sold last month than did a year ago. They also sold for more money and faster.

The trend continues, although the sale numbers and prices saw somewhat more modest gains than earlier this year.

Statewide, the median single-family home sale price so far this year is 9.1 percent higher than last year, $210,000 compared to $192,000. The increase in Rockingham County is a little lower, but still up 7.3 percent from $247,000 a year ago to $265,000.

And more homes are selling. Statewide to date this year, 12,889 homes have sold, up 12.1 percent from the 11,502 sold at this time in 2012.

The news is even better in Rockingham County, where there has been a 17.2 percent increase in single-family home sales, 3,230 this year over 2,757 a year ago.

Condo sales are even more impressive. Statewide, there has been a 20.1 percent increase, 3,023 so far this year over 2,517 a year ago.

In the county, condo sales are up 14.9 percent from 806 at this time last year to 926 this year.

Condo prices are up, too, about 8 percent statewide, from $150,000 in 2012 to $161,950 this year.

“We’re simply in the midst of a healthy market,” NHAR president Bill Weidacher said in a written statement. “As a state, we’ve been climbing steadily for two years. I’d call it a good sign when we begin making distinctions between large increases and lesser increases.”

Property is selling a little faster, too. It’s on the market for an average 101 days so far in 2013, an improvement over the 118-day average a year ago.

Inventory is down, which can benefit sellers. The number of houses for sale in the state last month was 14,477, down from 17,141 a year ago.

“Considering where we were and how we were trending a few years ago,” Weidacher said, “it probably would have been optimistic to believe the market could have recovered to this point by now.”