2013 proved to be a good year for the State of NH. The number of homes sold was up 4.3% in 2013 compared to 2012 and median sales price increased 9.5% to $208,000. The days on market dropped from 116 to 102 days. These statistics are all great indicators that the downward spiral has stopped and the housing market is moving in the right direction. The expectation is for this trend to continue into 2014.
The statistics for Merrimack and Sullivan County follow a similar pattern with homes sales up 19.7% in Merrimack and up 13.9% in Sullivan. The median sales price increased 13.4% in Merrimack and decreased 9.4% in Sullivan.
To break it down even more, Newbury & New London sales increased by about 10% in 2013, while Sunapee was down by 5%. The average selling price was 92% of the asking price and there was a decrease in the average days it took to sell a home to 5.5 months.
An article in the December 22nd Wall St. Journal described the housing outlook as “Steadier, Sturdier.” It appears that our housing market has settled into a healthy pattern of growth – I’m giving it two thumbs up! Contact me if you want to know how sales are impacting the price of your home. 603-526-4116; firstname.lastname@example.org; www.donnaforest.com
(Based on information from NNEREN for the period 1/1/12 thru 12/31/13)