Tue July 30, 2013
N.H. Home Sales Highest In Eight Years
The New Hampshire Association of Realtors reports that June was the best single month of home sales in eight years.
June marked the 19th consecutive month of year-over-year home sales increases in NH. Bill Weidacher, president of the New Hampshire Association of Realtors, says he is optimistic by the current market because numbers have steadily climbed in 2013 rather than rapidly spiked.
“What we are looking at here is more of a modest recovery. I think people are wading in from the shore rather than just jumping right into the deep end of the pool this time. So I really believe that the recovery is going to be more sustainable.”
But Weidacher does worry about the rising median sale of homes, which is up almost 6 percent to $225,000 for single family units and over 5 percent for condominiums this year. This coupled with a bump in interest rates on loans means that the affordability index has dropped.