Apr 27, 2015 8:42 PM
If you’re about to put your house up on the market, we have some good news for you. The market is heating up! Sales and prices are on the rise across New Hampshire.
New Hampshire Realtors recently released some data comparing the current housing markets across the state to what they were like in early 2014.
February 2014 vs. February 2015:
The median sales price of a single family home jumped just over 8 percent
The average number of days a home stayed on the market dropped more than 10 percent
Inventory also dropped nearly 14 percent, which means your house may have less competition for attention.
When you look at the county-by-county statistics, the greatest jumps in home sales are in Cheshire (+10.8%), Carroll (+2.3%) and Rockingham Counties (+1.9%), respectively.
Homes in Hillsborough, Carroll and Rockingham spend the least time on the market before a sale.
Median prices have gone up the most in Sullivan (+41.4%), Carroll (+17.6%) and Grafton (16.1%).
President of New Hampshire Realtors Maxine Goodhue said she isn’t surprised by the lower inventory across the state.
“Inventory is always low in the winter. Always, always, always. People pull their houses off the market. They don’t want to have to worry about keeping the house clean for showings,” Goodhue said.
Goodhue also is expecting inventory to increase significantly as the weather continues to warm up in the coming weeks.
If you’re a buyer, these statistics may make you nervous. However, interest rates are still low - at least for now. The Federal Reserve Board is expected to raise rates in June.
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