Hillsborough County Real Estate Report – 2009 (First Quarter)
First quarter real estate transactions reflect property sold during the most difficult time of the year. Typically, only the most motivated sellers attempt to sell during this period. Weather conditions, the holiday season and the inability to “showcase” the curb appeal of a property are the main reasons. In addition buyers are not motivated to look for many of the same reasons. Average sales prices will not be a true gauge of the overall market as the real estate market in New England is extremely seasonal.
In the first quarter, real estate sales showed a small decline in the number of single family homes sold with condos falling more dramatically when comparing activity between 2008 and 2009. Average sales prices dropped dramatically with the most significant statistic being the -16% drop in condominiums prices. The average selling price for single family homes dropped -11% to $252,135 from $283,550 in 2007.
Visit New Hampshire real estate for community information about towns in New Hampshire. Go to NH Foreclosures to obtain listings on for New Hampshire bank owned homes.
Information is provided by Virtual Homes and real estate services provide by RE/MAX Country Properties, Amherst, NH. Visit MA real estate to obtain relocation and school information in MA towns.
Housing and condo data was obtained from the NNEREN (Northern New England Real Estate Network), the NH statewide MLS. This information may not be accurate and does not represent all properties sold in NH.
