According to a national market analysis completed in May, national home values rose for the third month in a row, climbing 0.5% from April to May. And that trend continues at a much more impressive pace at the local level, with home values either holding relatively steady or on the rise in many areas of New Hampshire. In fact, real estate in the Granite State is truly on the move.
In May, Portsmouth real estate sales experienced:
- Unit sales are up 58.3% to 19.
- Median price in May was $315,000. This is up 19.2% from $264,250 in May of 2011.
- Price per square foot is up by 5.1%.
No other town in Rockingham County performed better. And as far as communities go, Portsmouth offers a lot in terms of a safe, walkable friendly city for a family to settle in and call home.
In the city of Manchester, real estate news includes:
- New listings in May up 9.9% from May of 2011.
- YTD sales/list price ratio is up 1.2% to 97.1%.
And in Other Towns In Hillsborough County:
- Unit sales in Pelham are up by 62.5%.
- Average days on market in Goffstown are down 45.1% to 62.
This means more and more people are becoming home buyers. Want to learn more about Portsmouth, Manchester or other N.H. communities before you begin your own search for a new home?
Prudential Verani has taken the initiative to make “community shopping” simple and interesting for today’s buyer who wants to make an educated decision about where to shop for a home. Town profiles are a part of Verani real estate websites including: portsmouth.verani.com, exeter.verani.com, manchester.verani.com, nashua.verani.com and many, many other towns and cities throughout the state. There you will find not only listings of homes for sale in the community, but you will get a feel for the history and cultural attractions, how many people live there, and the structure of their school system. You will learn where it is nestled within the state and how long your commute to work, neighboring communities and the airport will be.
Buyers will also see recent real estate market statistics for the town or city, which provides them an enlightening view on what average prices are, if they are on the rise and how well (and quickly) homes are selling. Town profile websites through Verani help connect you not just to the home of your dreams but the community where you will feel most at home.
Buyers can also check back to the community page for real estate news updates on new listings as they hit the market and updates on market conditions. It is just one more way that Prudential Verani helps make each buyer’s search easier and more informed as they narrow down their buying options.