NH News
3:55 pm
Thu October 25, 2012

New Housing Data Shows Sales Strong, Prices Soft

Residential properties in New Hampshire continue to move at a strong pace. 

More than 1,100 homes sold in September. That’s a 7.5% jump from 2011 levels, fueled in part by very low mortgage rates.

Prices, though, remain flat. The average sale price last month was just under $200,000, a slight dip from August.

Ned Redpath with Redpath Realty in Hanover says buyers still control the market

"The homes today have to be in a good and demandable location, they have to present very well. And they have to be priced according to what that package offers. Buyers won’t over-pay."

Nationally, home prices rose for the 7th straight month, and new homes sales are at the highest level in two years.

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