Realtors hail 27.7 percent jump in sales

Last modified: 6/29/2012 12:00:00 AM
Home sales shot up 27.7 percent in May compared with the same month a year earlier, and the New Hampshire Association of Realtors hailed the jump as a sign of recovery in the housing market.

According to the group, 1,221 homes were sold in the state last month, compared with 956 in May 2011. A total of 4,440 New Hampshire homes were sold in the first five months of the year, up 21 percent from the 3,670 homes sold in the same period in 2011.

In Merrimack County, 121 homes were sold in May, up 45.8 percent from the 83 sold in May 2011.

'These are very, very solid numbers, in the context of where we've been in recent years. . . . Where in the past we've been merely hopeful that things would start to turn, now we appear to have substance to justify that hope,' said Rye Realtor John Rice, the association's president, in a news release.

Sale prices, however, continue to lag. The median sale price of a New Hampshire home in May was $205,000, 2.4 percent less than the $210,000 median sale price in May 2011. In Merrimack County, the median sale price last month of $177,000 was down 8.2 percent from the median price a year earlier of $192,900.

Still, the group said, median sale prices rose in May in six of New Hampshire's 10 counties.

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