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Residential home sales are up in Granite State

New Hampshire residential home sales rose 22 percent in August over the same period last year, according to data released Wednesday by the New Hampshire Association of Realtors.

It marked the eighth time in eight months that sales were at least 15 percent ahead of last year's pace, and brought the total number of 2012 sales to 8,413 — 21 percent ahead of the 6,973 in the first eight months of 2011, the association said.

For the first time this year, the median price of monthly sales was level with the median price from the same month prior year — $210,000 in August 2011, and $210,000 in August 2012.

&#';We do not predict the future, but it is fair to say that this improved median price trend is not surprising, considering the sales numbers we've been witnessing this year,&#'; said NHAR President John Rice, a 40-year veteran of the real estate industry and an agent with Tate & Foss Sotheby's International Realty in Rye, in a statement.

The August median price increased in six of the state's 10 counties, compared to August 2011, including a 3.5 percent rise in Hillsborough.

All 10 experienced sales increases in August, with a range of 9 percent in Grafton County to 41 percent in Sullivan County, the asssociation said.

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