NH Real Estate Today
This article focuses on specifics about the state of New Hampshire and real estate market statistics. There's a great deal of data that could be included however this article will review only the major metrics which are widely considered probably the most relevant in the industry.
New Hampshire is one of the six New England states and shares a border with Maine, Massachusetts, & Vermont. It has got a population of around 1,316,000 people as of your 2010 census with an average income of $60,000 annually. The majority of your population and therefore the vast majority with the homes are situated in the southern area with the state distributed between the cities and their suburbs. The largest cities within the state are Manchester, Nashua, Concord, Portsmouth, & Salem.
New Hampshire real estate has adopted a very parallel path of decline, although it isn't quite as dramatic as the national real estate market over the past five years. For the year in 2010 there were 16,140 real-estate sales recorded including residential, condo, & manufactured housing classes. The median sales price was $185,000 across all property styles. The amount of homes sold was lower about 1.5% from 2009 and the average sales price was unmoved.
Additional NH real estate measurements worthy of discussing are both the average days on market(DOM) while the selling price per square foot(PSF). The average days on market was about 150 for the year. This is a crucial number to home sellers when you consider that it provides them an indicator of about just how long it will require them to sell their house. So it's going to take on average 5 months to sell your house. Certainly there are a good number of situations where it may take significantly less time and conditions where homes take longer. In addition notice that a great number of homes don't sell at all and those homes are never measured in the DOM figures.
Average selling price per square foot is a means designed to roughly estimation the value of one home versus another. It is relatively very easy to get through to the figure given the calculation is actually performed consistently. There is much debate about whether or not to use total square feet within the building(included any unfinished or below grade space) as well as to calculate just the finished space and above grade space. There is no positively proper manner to arrive at this figure, nevertheless , the most standard practice has been to divide the selling price by the quantity of finished above grade square feet in a property. Make use of this number just for a rough estimate on account that numbers may well be grossly skewed by smaller homes that incorporate superb finish work or features which drive up the sales price and for that reason PSF.
The NH real estate market continues to see some devaluation and it is more likely to persist for another 12-18 months. At that point most analysts expect to see to see a slow flattening of prices before any hope of any rise in home values.
New Hampshire is one of the six New England states and shares a border with Maine, Massachusetts, & Vermont. It has got a population of around 1,316,000 people as of your 2010 census with an average income of $60,000 annually. The majority of your population and therefore the vast majority with the homes are situated in the southern area with the state distributed between the cities and their suburbs. The largest cities within the state are Manchester, Nashua, Concord, Portsmouth, & Salem.
New Hampshire real estate has adopted a very parallel path of decline, although it isn't quite as dramatic as the national real estate market over the past five years. For the year in 2010 there were 16,140 real-estate sales recorded including residential, condo, & manufactured housing classes. The median sales price was $185,000 across all property styles. The amount of homes sold was lower about 1.5% from 2009 and the average sales price was unmoved.
Additional NH real estate measurements worthy of discussing are both the average days on market(DOM) while the selling price per square foot(PSF). The average days on market was about 150 for the year. This is a crucial number to home sellers when you consider that it provides them an indicator of about just how long it will require them to sell their house. So it's going to take on average 5 months to sell your house. Certainly there are a good number of situations where it may take significantly less time and conditions where homes take longer. In addition notice that a great number of homes don't sell at all and those homes are never measured in the DOM figures.
Average selling price per square foot is a means designed to roughly estimation the value of one home versus another. It is relatively very easy to get through to the figure given the calculation is actually performed consistently. There is much debate about whether or not to use total square feet within the building(included any unfinished or below grade space) as well as to calculate just the finished space and above grade space. There is no positively proper manner to arrive at this figure, nevertheless , the most standard practice has been to divide the selling price by the quantity of finished above grade square feet in a property. Make use of this number just for a rough estimate on account that numbers may well be grossly skewed by smaller homes that incorporate superb finish work or features which drive up the sales price and for that reason PSF.
The NH real estate market continues to see some devaluation and it is more likely to persist for another 12-18 months. At that point most analysts expect to see to see a slow flattening of prices before any hope of any rise in home values.
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