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Blog Article

Local Housing Market off to Prosperous Start in 2017

23Feb 2017

Locally, home sales also began 2017 "with a bang" with 4 southern NH towns, including Atkinson, Hampstead, Salem & Windham,  average selling price of a single-family home up 29%, on average, from the same time frame as last year*.  Although unit sales are down 21%, on average,  this speaks to recent news of a shortage of housing inventory and, as a result, an increase in home sale prices. 

Comparing January 1, 2017 to February 23, 2017 ('YTD')  to the same time frame last year, here's more detail and some local insights;

Atkinson -   $643,000 average sold price YTD vs.$271,600 in 2016; 2 home sales YTD vs 5 sales in 2016

Hampstead -  $330,500 average sold price YTD vs.$269,616 in 2016; 5 home sales YTD vs 10 sales in 2016

Salem -  $387,613 average sold price YTD vs.$316,078 in 2016; 29 home sales YTD vs 28 sales in 2016

Windham - $601,840 average sold price YTD vs.$539,768 in 2016; 10 home sales YTD vs 15 sales in 2016

 

Single-family home sales averaged 100 days on market compared to 89 days last year*.  As the RISMedia article states, competition is likely to heat up this spring therefore contact me today about getting a jump on the spring market to achieve the same success as my clients last year who garnered, in some instances,  multiple offers and full, if not more than, asking price.

 

 RISMedia Article: http://rismedia.com/2017/02/22/existing-home-sales-begin-2017-bang/#close

 

Note: Source of data NNEREN MLS , single-family homes & *time frames compared are 1/1/2017 to 2/23/2017 vs. 1/1/2016 to 2/23/2016.

Information believed to be accurate however not guaranteed.