NHAR Reports On New Hampshire Housing Market

Although home prices have remained steady over the first six months of 2007, home (and condo) sales volume have dropped, according to a report prepared by the New Hampshire Association of Realtors (NHAR).

In addition, homes and condos are staying on the market 15% and 28%, respectively, longer than they did in 2006.















Nevertheless, the Granite State fares well compared to the rest of the country. "During this serious housing downturn in other parts of the nation, values in New Hampshire are holding up quite well," stated NHAR demographer Peter Francese.

Though, this might change for the second half of 2007 as banks keep tightening their lending policies. This has the potential to place more downward pressure on both home sales and prices.

For buyers and investors, the lagging NH real estate market is looking delicious -- the slow down in home sales and growing inventory provides lots of opportunities on the buy side.

Labels: housing market, new hampshire real estate

posted by B. Samii @ 2:10 AM