Suncook Lakefront home, new construction
New Hampshire experienced a 4.2 percent increase in home sales year over year in February, according to data released Wednesday by Re/ Max of New England.
The state's median home price jumped 8.8 percent to $185,000, up from $170,000 this time last year.
For the first time in months, median prices are increasing instead of staying flat year over year in New England, Re/ Max reported. Vermont saw the largest increase in median price, followed by Massachusetts, New Hampshire and Rhode Island. In addition to median prices, units sold and pending sales are also up, while inventory is down 20 percent, year over year.
"Sellers are still a little reluctant to list their home, forcing inventory to decrease as sellers wait for the temperature to rise and spring to set in," said Dan Breault, executive vice president and regional director of Re/Max of New England. "The New England market is starting to see median prices uptick, as buyers are in bidding wars for the limited properties on the market."
Taken from the NH Union Leader Newsreel, March 21, 2013
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