NH Housing Market Stabilizes

Like home owners everywhere, you are probably watching what’s happening to real estate in your area. There are so many reports, so much data that at times it makes your head spin. Here is a graph that will help you visualize what is happening in NH, from the first issue of NH’s Granite State Builder. Some of you will remember the housing bubble of the late ’80s and what happened afterwards,

The recent housing bubble didn’t peak as dramatically as the ’80s, so the market wasn’t flooded with new homes to absorb as the economy dipped. The current challenge is more about jobs. More than 100,000 jobs were created in NH during the 1980s, primarily in high tech. In the 1990s, job growth came from a number of industries let by retail. In the last decade, NH has seen the loss of more than 25,000 manufacturing jobs

NH Housing Permits through 2009

Here are some quick stats on the current housing market and for the full story. If you’d like to see data specific to your NH county, visit Monika’s NH real estate blog …

• Seeing slight increase in home sales - 2009 was 6% ahead of 2008, with 10,832 homes sold.
• Number of unsold listings no longer growing
• 2009 say home prices decline 10% bringing median sales price in 2009 to $212,000 compared to 2008 figure of $235,000.