N.H. home sales up 7.5 percent in September, median sale price ticks up 2.3 percent
New Hampshire home sales rose 7.5 percent in September while median sale price rose 2.3 percent, the first price uptick for the state’s residential real-estate market in nearly two years, according to the New Hampshire Association of Realtors.
There were 1,140 homes sold in the state last month, the association said yesterday, up from the 1,060 homes sold in September 2011. A total of 9,569 homes were sold in the first nine months of 2012, up 19.1 percent from the 8,032 homes sold in the same period a year earlier.
The median price of a home sold in the state last month was $199,900, a 2.3 percent uptick from the median sale price of $195,350 in September 2011. That, the association said in a news release, represents the first increase in sale price in the state since December 2010.
“You have to remember, in 2010 the statistics were still impacted by the dynamic of the homebuyer tax credit,” said Rye Realtor John Rice, the association’s president, in a statement. “You couldn’t really establish a trend line during the year before or after the tax credit period, as the sales were skewed by the temporary incentive. This time, we’re dealing with more of a natural supply and demand dynamic.”
In Merrimack County, 124 homes were sold in September, up 11.7 percent from the 111 sold in September 2011. The median sale price of a county home was $188,000 last month, down 1.1 percent from the median sale price of $190,000 in September 2011.