What's up with the market (NH)?

Quarter 1 of 2006 proved that the real estate market has slowed from turbo speed to normal. Although the number of homes sold has dropped by almost 10% from Q1 of 2005, home values have remained more or less the same on average. The following is a breakdown of NH real estate activity across the state.

New Hampshire Single-Family Sales (Q1)
Units Sold - 2,512
Avg. Price - $300,500
Days on market - 145
% Price Change '05-'06 - +2.60%

What's next? It's somewhat difficult to say at this point. Although it is evident interest rates and oil prices will continue to increase, the economy remains balanced with steady increases in job growth, strong consumer confidence, and stable income levels. Consequently, the New Hampshire market has cooled down a bit although it remains healthy.

posted by B. Samii @ 12:51 AM