Well the first half of 2015 has passed and we are already heading into the second half of the year. Prudential Dinsmore Associates has had one of their busiest spring selling seasons in years. Our successful sales strategies have helped out sellers get excellent prices and quick sales on their properties.
Well, let’s start by looking at the Windham market for the first half of 2015 which is up both for the number of sales and prices. There were only 188 new single family listings during the period compared to 220 in 2014, a -14.54% drop. This may have contributed to the increase in sales prices during the first half of the year. The averages sales price of a single family home increased from $437,051 in the first half of 2014 to $475,044 in the first half of 2015, an 8.69% surge. The median sales price rose from $404,450 to $440,000 or an 8.78% surge during the same period. So the trend for rising prices is continuing to hold in Windham. The number of closed single family sales also rose from 102 in the first half of 2014 to 113 in the first half of 2015, a 10.78% increase. So what we saw in Windham during the first half of the year was a huge pent up demand that was unleashed as soon as this winter’s snow began to melt.
If we broaden the look to Rockingham County as a whole, it shows a slightly different picture of the real estate market. Single family home listings were up in Rockingham County with 3,198 new listings during the first half of 2015 compared to 3,160 during the first half of 2014, a 1.2% increase. Both the Median and Average sales prices for single family homes increased during the first half of 2015 in Rockingham County. The average sales price for a single family home was $355,846 in the first half of 2015 compared to $332,382 in the first half of 2014, a solid 7.05% increase. The median selling price of a single family home was $310,000 in 2015 vs. $284,900 in 2014 or an 8.81% increase. Days on the market for single family homes dropped for 86 to just 78.
This information 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 nor 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. For the period covering 1st Half or 2014 vs. 1st Half of 2015.