After the release of last month’s 1st quarter NH Real Estate Market data showing that home sales have begun to increased, the New Hampshire Association of Realtors® (NHAR) recent release on June 12, 2012 has not only confirmed that home sales continued to climb but we are also seeing an increase in median sales prices.
In comparing data for the first 5 months of 2011 to the first 5 months of 2012, reports show a 28% increase in year to date sales. As per the NHAR, the sales spike in May followed increases in January through April totaling 4,440 home sales in 2012 compared to 3670 in 2011.
More than half of New Hampshire’s 10 counties have seen an increase in price, even though statewide May median price saw a 2.4% dip.
Hillsborough County showed 1,183 residential sales in 2012 compared to 965 residential sales for 2011 and 364 Condominium sales for 2012 compared to 326 sales in 2011. Statewide there were 4,440 residential sales in 2012 compared to 3,670 in 2011 and 1,076 condominium sales in 2012 compared to 959 on 2011
Median residential sales prices in Hillsborough County for 2011 YTD were $210,000 and $207,500 in 2012 YTD, and condominium sales prices in Hillsborough County was $138,000 in 2012 compared to $145,000 in 2012. Statewide condominium prices for YTD 2011 was $146,000 compared to $143,950 YTD 2012 and residential was $200,000 YTD 2011 compared to $193,000 YTD 2012.
As per NHAR President John Rice, “these are very solid numbers, in the context of where we have been in recent years, where in the past we have been merely hopeful that things would start to turn, now we appear to have substance to justify that hope”.
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