New housing data suggests the New Hampshire market may be stabilizing, even while residential prices remain low.
The median sale price last month was $210,000. That’s the same price from August 2011--a signal that the number of houses for sale continues to outpace demand.
But a report from the New Hampshire Association of Realtors says the number of units sold is up more than 20% from last year. And gains are being seen in each of the state’s ten counties.
Ned Redpath with Redpath Realtors says the market is experiencing something he hasn’t seen for a while.
"Consistency, and we haven’t seen consistency for 5 or 6 years. No booms and no busts. Pretty much a straight line of pretty exciting business."
Redpath points to record low mortgage rates as the key driver of the turn-around.