Time for another market update. What’s going on? I decided to expand my data to include all of Hillsborough county, NH. Some of the towns in Hillsborough are: Amherst, Bedford, Hollis, Hudson, Litchfield, Manchester, Merrimack, Milford, Nashua, and Pelham.
Hillsborough County 2 year Real Estate Trends
May and June are the busiest months in New Hampshire. This chart shows 3 years of June activity. What’s real interesting is this year and 2010** are similar in sales, but pending listings have jumped up this year! That means in the next 2 months you are going to see a large increase in closed sales over the last 2 years.
This is great news for the real estate market! The market has stabilized, many towns in this area are experiencing multiple offer situations, marketing times have decreased, and interest rates are crazy low!
Percentage Change in Real Estate – click to enlarge
**Let’s not forget, 2010 was the year of the tax credit for new buyers which artificially inflated the activity that year.