Mixed bag for NH in housing report
The volume of home sales in New Hampshire declined 6.5 percent in February when compared to the same month last year, but the median price rose 5.6 percent, and pending sales were up 6 percent, according to the February report from RE/MAX of New England.
“Across the region, winter snowfall and frigid temperatures significantly impacted the housing market,” the report stated. The monthly housing report showed a drop in sales compared to February of last year in every New England state except Vermont.
“This is an expected trend in the height of the winter months,” said Dan Breault, regional director for RE/MAX. He said the good news is that month-over-month pending sales are up 26 percent.
“This is an encouraging sign, and I anticipate March and April to be even stronger months as we turn the corner from winter to spring,” he said.
On a statewide basis, inventory of homes for sale in New Hampshire declined slightly in February compared to the same month last year, from 868 units for sale, to 812. Median price rose 4.9 percent, from $185,000 to $194,000, with uneven results from one part of the state to another.
In Nashua, the median price dropped slightly compared to February of last year, from $200,690 to $202,500, on 35 units sold, compared to 40 that sold last year.
The Boston area continues to be a hot spot, with median prices up 23 percent, from $385,000 to $475,000, a larger number of units for sale, and fewer days spent on the market.