Feb 3, 2016 11:48 AM
12 percent increase in home sales in southern NH in 2015, prices up 5 percent
Southern New Hampshire's housing market is heating up with an almost 12 percent increase in 2015 in the number of homes sold in Rockingham, Cheshire and Hillsborough counties compared with 2014.
"Barring another February full of blizzards we expect the housing market to heat up sooner and likely sales to soar ahead of 2015 for the remainder of the year," says a new housing report.
The growth in housing sales is attributed to several things including low interest rates, a stronger economy and the loosening of mortgage guidelines that make it easier for buyers to get loans.
Last year started off slow because of the snowy winter but ramped up quickly in the late spring. July was the month that saw the greatest number of home sales in southern New Hampshire.
Home prices also increased by 4.7 percent compared with 2014.
In 2015, the average price for a single family home in southern New Hampshire was $284,828 and condominiums sold for an average of $233,825. Multi-family homes sold for an average of $271,877 in 2015.