We are still hearing good news about the housing market. S&P Case-Shiller home price index posted the biggest gains in 7 years. Housing prices rose in every one of the 20 cities tracked. CoreLogic (provider of real estate analytics) stated “house price growth continues to surprise to the upside with an impressive 12.1% gain year over year in April.” Lawrence Yun, the National Association of REALTORS® chief economist, said the market is solidly recovering. In the Northeast, existing home sales are 9.1% above the first quarter of 2012 and the median home price rose 2.9%.
Statewide, the New Hampshire Association of REALTORS® reports year to date through April that sales are up 9% and the median price is up 5%. At the local level, I compared sales in New London, Sunapee, & Newbury from 1/1 to 6/1 in 2012 and 2013. Surprisingly, more homes sold in 2012 than 2013 in this time period. In 2012, there were a total of 57 homes sold and in 2013, 48 homes sold. These numbers contradict both state and national trends. Keep in mind – all markets all local. I think we will see these figures change as we get into full swing with our summer selling season. Most REALTORS® seem to be super busy right now as buyers continue to take advantage of low prices and low interest rates. If you want to work with a REALTOR® with local expertise, then give me a call! 603-526-4116, firstname.lastname@example.org, www.donnaforest.com