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Real Estate Market Improves in Southern NH

The first quarter of 2012 is now history and the real estate market in southern New Hampshire is showing signs of improvement. In Rockingham County there were 488 single family homes sold vs. 446 sold in the same period of 2011. That represents a 9.41 % sales increase in 2012. Condominiums sales in the Rockingham County were even stronger with 158 sold in 2012 vs. 126 in 2011. This is a 25.39% increase in condominiums sales in 2012.

So now you must want to know what's happening with prices. The average sales price for single family homes in Rockingham County, during the first quarter, dropped from $299,364 in 2011 to $274,118 in 2012 a drop of 8.43%. For condominiums the average sales price, in the first quarter, dropped from $186,830 in 2011 to $176,447 in 2012.

I am sure all my Windham friends want to know what is happening there. Sales were very strong in Windham during the first quarter of 2012. 24 single family homes sold in 2012 vs. 17 in 2011 which is a 41% increase. The average sales price of a single family home increased from $335,435 to $410,000 and increase of 22.5%. As I mentioned before, this does not necessarily mean prices have increased and it is more likely that more sales have taken place in the upper end of the price range.

In fact, that is exactly what the statistics show in Windham. In the first quarter of 2012, 12 single family homes sold for over $400,000 and 12 sold for under $400,000. In the first quarter of 2011 only 3 houses sold for above $400,000 in the first quarter with 14 sales below $400,000. You can see how this surge in higher price homes has pushed up the average sales price in Windham. This is good news for sellers with homes priced above $400,000.

Condominium sales were even stronger with 6 selling in the first quarter of 2012 vs. just 2 in 2011 or a 200% increase. The average sales price of a condominium dropped from $298,266 to $260,766. This decrease may be reflective of a large condominium development in town that is winding down.

Overall, the southern New Hampshire real estate market is showing improvement in the number of sales and in the upper price ranges, especially in Windham.

This representation is based in whole or in part on data supplied by the Multiple Listing Service of the Granite State South Board of REALTORS, Inc. Neither the board or its M.L.S. guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its M.L.S. may not reflect all activity in the market. Sales of Windham Homes and Condominiums in the first quarter of 2011 and 2012

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