New Hampshire is among the 6 New England states and shares a border with Maine, Massachusetts, & Vermont. It has a population of around 1,316,000 people as in the 2010 census with an median income of $60,000 annually. The vast majority of your population and thus the bulk of the homes are located in the southern section of the state dispersed amongst the cities and their suburbs. The largest cities in the state are Manchester, Nashua, Concord, Portsmouth, & Salem.
New Hampshire real-estate has adopted an extremely comparable path of decline, although it is not 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 registered including residential, condo, & manufactured housing classes. The average selling price was $185,000 across all property types. The number of homes sold was lower about 1.5% from 2009 and the average sales price was unchanged.
Additional NH real estate analytics worthwhile of bringing up are generally the average days on market(DOM) while the sales price per square foot(PSF). The average days on market was right around 150 on the year. This is a crucial number to home sellers considering that it presents them an indication of around the span of time it takes them to sell their house. So it requires on average 5 months to sell your house. Typically there are a number of circumstances where it can take less time and situations where homes take longer. On top of that realize that scores of homes don’t sell at all and those homes aren’t counted within the DOM figures.
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The NH real-estate market persists to experience some devaluation and it is very likely to sustain for another 12-18 months. At that point most analysts are expecting to experience a drawn out flattening of prices before any hope of some rise in home values.
One of the most popular resources for researching NH Real Estate and finding great deals is on www.nhhomepro.com where you can view all New Hampshire Real Estate by customizable map, save favorites and get e-mail alerts any time homes that match your criteria list.