Housing Affordability Index
NH Monthly Indicators July 2013
Monthly Snapshot
It won't be long before the housing recovery is simply referred to as housing. Institutional and cash buyers have effectively priced themselves out of the market. During the downturn, much inventory was purchased by these groups. Now that prices are rising, there's less incentive for these kinds of buyers, yet affordability for consumers remains attractive. New Listings were up 20.5 percent for single family homes and 21.3 percent for condo properties. Pending Sales increased 22.9 percent for single family homes and 31.8 percent for condo properties. The Median Sales Price was up 10.6 percent to $230,000 for single family homes and 14.1 percent to $171,000 for condo properties. Months Supply of Inventory decreased 25.7 percent for single family units and 33.3 percent for condo units. With mortgage rates slightly up but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Although the unemployment rate remains a factor to watch, the housing recovery continues to plug along, helping the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters.
+ 23.0%
+ 10.6%
+ 37.2%
One-Year Change in Single Family Closed Sales
One-Year Change in Single Family Median Sales Price
One-Year Change in Single Familly Sales Volume
Residential real estate activity in New Hampshire. A Research Tool Provided by the New Hampshire Association of REALTORS®. Percent changes are calculated using rounded figures.
Single Family Activity Overview Condo Activity Overview Closed Sales Median Sales Price $ Volume of Closed Sales Days on Market Until Sale Pending Sales Months Supply of Inventory New Listings Inventory of Homes for Sale Percent of List Price Received Housing Affordability Index All Properties Activity Overview Single Family Residential Activity by County Condo Activity by County
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Click on desired metric to jump to that page. Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing.
NH Single Family Residential Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales 7-2010
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
New Listings
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
+ 12.3%
$207,900
$230,000
+ 10.6%
$190,000
$209,000
+ 10.0%
$313.7
$430.3
+ 37.2%
$1,704.0
$1,996.7
+ 17.2%
107
88
- 17.8%
118
103
- 12.7%
1,331
1,636
+ 22.9%
7,802
8,758
+ 12.3%
14.8
11.0
- 25.7%
--
--
--
2,132
2,570
+ 20.5%
16,534
17,902
+ 8.3%
15,786
13,597
- 13.9%
--
--
--
95.8%
96.3%
+ 0.5%
95.0%
95.7%
+ 0.7%
192
165
- 14.1%
207
179
- 13.5%
7-2013
Affordability Index 7-2010
8,395
7-2013
Pct. of List Price Received 7-2010
7,478
7-2013
Homes for Sale 7-2010
+ 23.0%
7-2013
` 7-2010
1,637
7-2013
Months Supply 7-2010
1,331
Percent Change
7-2013
Pending Sales 7-2010
YTD 2012 YTD 2013
7-2013
Days on Market 7-2010
Percent Change
7-2013
$ Volume of Closed Sales (in millions) 7-2010
7-2013
7-2013
Median Sales Price 7-2010
7-2012
7-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 2
NH Condo Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales 7-2010
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
+ 14.9%
$149,900
$171,000
+ 14.1%
$150,000
$160,000
+ 6.7%
$50.5
$67.9
+ 34.5%
$286.8
$348.8
+ 21.6%
114
99
- 13.2%
125
113
- 9.6%
292
385
+ 31.8%
1,750
2,040
+ 16.6%
13.5
9.0
- 33.3%
--
--
--
413
501
+ 21.3%
3,331
3,536
+ 6.2%
3,171
2,477
- 21.9%
--
--
--
96.2%
97.1%
+ 0.9%
95.5%
96.2%
+ 0.7%
250
211
- 15.6%
250
223
- 10.8%
7-2013
Affordability Index 7-2010
1,923
7-2013
Pct. of List Price Received 7-2010
1,674
7-2013
Homes for Sale 7-2010
+ 24.9%
7-2013
New Listings 7-2010
356
7-2013
Months Supply 7-2010
285
Percent Change
7-2013
Pending Sales 7-2010
YTD 2012 YTD 2013
7-2013
Days on Market 7-2010
Percent Change
7-2013
$ Volume of Closed Sales (in millions) 7-2010
7-2013
7-2013
Median Sales Price 7-2010
7-2012
7-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 3
NH Closed Sales A count of the actual sales that closed in a given month.
Year to Date
July
8,395
1,637
7,478
1,331
6,272
1,131
220
2011
2013
2011
+ 23.0%
+ 28.7%
2012
+ 26.7% + 17.7%
Single Family
285
2012
356
2013
+ 29.5% + 24.9%
Condo
1,450
2012
2011
- 4.4%
2013
+ 19.2% + 12.3%
2011
- 9.0%
Single Family
1,674
2012
1,923
2013
+ 15.4% + 14.9%
Closed Sales
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
1,499
+23.8%
313
+27.8%
Sep-2012
1,230
+7.9%
275
+22.2%
Oct-2012
1,295
+25.6%
255
+21.4%
Nov-2012
1,217
+36.3%
276
+45.3%
Dec-2012
1,095
+11.6%
213
-6.2%
Jan-2013
843
+19.4%
185
+13.5%
Feb-2013
724
+1.7%
182
+19.7%
Mar-2013
998
+3.5%
238
+21.4%
Apr-2013
1,145
+9.3%
271
+1.9%
May-2013
1,453
+10.6%
347
+16.1%
Jun-2013
1,587
+13.1%
341
+8.9%
Jul-2013
1,637
+23.0%
356
+24.9%
12-Month Avg
1,228
+15.7%
271
+17.5%
Condo
Historical NH Closed Sales by Month
Single Family
2,500
Condo
2,000
1,500
1,000
500
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 4
NH Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Year to Date
July $230,000 $203,750
$209,000
$207,900
$196,000
$190,000
$171,000 $155,000
$150,000 $150,000
$149,900
$160,000
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 0.1%
+ 2.0%
+ 10.6%
- 8.8%
- 3.3%
+ 14.1%
- 5.1%
- 3.1%
+ 10.0%
- 9.6%
0.0%
+ 6.7%
Single Family
Condo
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
$195,500
+0.3%
$150,000
-6.5%
Sep-2012
$190,000
+0.5%
$152,000
-5.1%
Oct-2012
$201,900
+15.4%
$155,000
-8.3%
Nov-2012
$199,900
+9.8%
$141,500
-15.0%
Dec-2012
$189,900
+2.1%
$147,000
-0.3%
Jan-2013
$187,900
-0.7%
$141,400
-5.7%
Feb-2013
$189,900
+11.7%
$143,351
+6.2%
Mar-2013
$185,000
+2.8%
$155,750
+15.4%
Apr-2013
$197,500
+7.9%
$154,900
+9.7%
May-2013
$208,000
+6.7%
$165,000
+6.5%
Jun-2013
$225,000
+8.2%
$170,000
+1.9%
Jul-2013
$230,000
+10.6%
$171,000
+14.1%
12-Month Avg*
$201,900
+6.5%
$155,000
+0.6%
Median Sales Price
Single Family
Condo
* Median Sales Price for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Median Sales Price by Month
Single Family
$275,000
Condo
$250,000
$225,000
$200,000
$175,000
$150,000
$125,000 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 5
NH $ Volume of Closed Sales The total dollar volume for all Closed Sales in a given month (in millions). Does not account for seller concessions.
Year to Date
July $430.3
$ Volume of Closed Sales (in millions)
$1,996.7 $1,704.0
$313.7
$1,471.5
$279.9
$39.6
2011
2013
2011
+ 37.2%
+ 22.7%
2012
+ 27.1% + 12.1%
Single Family
$50.5
2012
$67.9
2013
+ 27.3% + 34.5%
Condo
2012
2011
- 5.7%
2013
+ 15.9% + 17.2%
$251.6
$286.8
2011
2012
$348.8
2013
- 13.7% + 14.0% + 21.6%
Single Family
Condo
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
$350.6
+27.0%
$55.7
+29.3%
Sep-2012
$280.8
+10.1%
$47.9
+13.8%
Oct-2012
$307.8
+37.0%
$46.4
+22.8%
Nov-2012
$301.6
+49.7%
$47.2
+30.0%
Dec-2012
$259.6
+21.7%
$34.3
-17.4%
Jan-2013
$176.2
+12.0%
$31.0
+14.9%
Feb-2013
$153.8
+10.5%
$30.7
+31.6%
Mar-2013
$214.1
+3.8%
$42.5
+39.1%
Apr-2013
$261.4
+9.9%
$46.3
+5.8%
May-2013
$344.8
+18.2%
$64.3
+20.3%
Jun-2013
$414.3
+15.7%
$65.9
+13.3%
Jul-2013
$430.3
+37.2%
$67.9
+34.5%
12-Month Avg*
$291.3
+21.7%
$48.3
+19.0%
* $ Volume of Closed Sales (in millions) for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH $ Volume of Closed Sales by Month (in millions)
Single Family
$700
Condo
$600 $500 $400 $300 $200 $100 $0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 6
NH Days on Market Average number of days between when a property is listed and when an offer is accepted in a given month.
Year to Date
July
132
126
121 114
107
118
125 113
103
99
97
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
107
+7.0%
106
-15.9%
Sep-2012
113
-3.4%
127
-6.6%
Oct-2012
119
-4.0%
114
-9.5%
Nov-2012
114
-9.5%
129
-9.8%
Dec-2012
118
-6.3%
140
-4.1%
Jan-2013
110
-20.3%
144
-4.0%
Feb-2013
126
+3.3%
123
-5.4%
Mar-2013
115
-9.4%
118
-13.2%
Days on Market
88
Apr-2013
113
-4.2%
114
-4.2%
May-2013
106
-8.6%
112
-11.1%
Jun-2013
89
-21.9%
103
-12.0%
88
-17.8%
99
-13.2%
108
-8.7%
117
-9.6%
Jul-2013 2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 7.6%
+ 10.3%
- 17.8%
- 8.0%
- 9.5%
- 13.2%
+ 7.1%
- 2.5%
- 12.7%
+ 3.9%
- 5.3%
- 9.6%
Single Family
Condo
Single Family
Condo
12-Month Avg*
* Days on Market for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Days on Market by Month
Single Family
180
Condo
160 140 120 100 80 60 40 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 7
NH Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
July 1,636
8,758 7,802
1,331 6,530
1,104
$219
2011
2013
2011
+ 22.9%
+ 18.4%
2012
+ 15.7% + 20.6%
Single Family
292
2012
385
2013
+ 33.3% + 31.8%
Condo
1,513
2012
2011
- 3.3%
2013
+ 19.5% + 12.3%
2011
- 7.7%
Single Family
1,750
2012
2,040
2013
+ 15.7% + 16.6%
Pending Sales
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
1,503
+29.2%
287
+20.1%
Sep-2012
1,302
+18.4%
275
+27.3%
Oct-2012
1,228
+23.4%
255
+24.4%
Nov-2012
1,127
+28.1%
237
+23.4%
Dec-2012
983
+15.0%
199
-11.9%
Jan-2013
847
+9.9%
206
+21.2%
Feb-2013
820
+0.6%
209
+26.7%
Mar-2013
1,110
+2.3%
242
+7.6%
Apr-2013
1,265
+7.3%
308
+12.0%
May-2013
1,546
+23.8%
356
+7.6%
Jun-2013
1,549
+12.9%
341
+16.8%
Jul-2013
1,636
+22.9%
385
+31.8%
12-Month Avg
1,242
+16.4%
274
+16.4%
Condo
Historical NH Pending Sales by Month
Single Family
2,000
Condo
1,500
1,000
500
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 8
NH Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
July 18.1
17.1 14.8
13.5 11.0 9.0
2011
2012
2013
2011
2012
2013
+ 5.8%
- 18.2%
- 25.7%
+ 4.3%
- 21.1%
- 33.3%
Single Family
Condo
Months Supply
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
14.2
-21.5%
13.0
-22.2%
Sep-2012
13.5
-22.4%
12.2
-24.7%
Oct-2012
12.5
-23.3%
11.4
-27.4%
Nov-2012
11.2
-25.8%
10.4
-28.8%
Dec-2012
9.3
-29.0%
9.1
-28.3%
Jan-2013
9.2
-29.2%
9.0
-30.2%
Feb-2013
9.3
-29.0%
9.1
-32.6%
Mar-2013
9.6
-28.4%
9.6
-31.4%
Apr-2013
10.4
-26.8%
9.7
-31.2%
May-2013
11.2
-24.8%
9.8
-30.5%
Jun-2013
11.2
-25.3%
9.4
-32.9%
Jul-2013
11.0
-25.7%
9.0
-33.3%
12-Month Avg*
11.1
-25.4%
10.2
-28.9%
* Months Supply for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Months Supply of Inventory by Month
Single Family
50.0
Condo
40.0
30.0
20.0
10.0
0.0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 9
NH New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
July
17,902
2,570
16,594 16,534
2,324 2,132
443
3,449
501
413
3,331
3,536
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 3.4%
- 8.3%
+ 20.5%
- 15.8%
- 6.8%
+ 21.3%
- 5.6%
- 0.4%
+ 8.3%
- 13.9%
- 3.4%
+ 6.2%
Single Family
Condo
Single Family
New Listings
Single Family
Year-Over-Year Change
Condo
Aug-2012 Sep-2012
Year-Over-Year Change
2,141
-3.6%
400
+3.9%
1,798
+0.9%
354
-10.4%
Oct-2012
1,794
+4.2%
359
-5.8%
Nov-2012
1,293
-1.1%
267
+5.1%
Dec-2012
878
-17.9%
237
-8.1%
Jan-2013
1,713
+2.7%
388
-0.5%
Feb-2013
1,612
-12.8%
397
-8.7%
Mar-2013
2,319
-5.6%
539
+6.3%
Apr-2013
3,267
+12.7%
579
+6.4%
May-2013
3,544
+21.0%
604
+4.1%
Jun-2013
2,893
+11.3%
527
+14.1%
Jul-2013
2,570
+20.5%
501
+21.3%
12-Month Avg
2,053
+4.8%
417
+3.0%
Condo
Historical NH New Listings by Month
Single Family
4,000
Condo
3,000
2,000
1,000
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 10
NH Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
July 16,798
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
15,564
-8.2%
3,122
-11.5%
Sep-2012
14,957
-9.1%
2,987
-13.5%
Oct-2012
14,151
-9.4%
2,842
-14.6%
Nov-2012
12,951
-10.4%
2,620
-16.1%
Dec-2012
10,765
-14.5%
2,279
-16.7%
Jan-2013
10,733
-14.7%
2,280
-18.3%
Feb-2013
10,828
-16.1%
2,331
-20.4%
Mar-2013
11,208
-16.7%
2,470
-18.6%
Apr-2013
12,298
-14.9%
2,532
-18.9%
May-2013
13,458
-12.6%
2,582
-19.4%
Jun-2013
13,624
-13.4%
2,520
-21.4%
Jul-2013
13,597
-13.9%
2,477
-21.9%
12-Month Avg
12,905
-12.2%
2,597
-17.2%
Homes for Sale
15,786 13,597
3,591
3,171
2,477
2011
2012
2013
2011
2012
2013
- 0.9%
- 6.0%
- 13.9%
- 9.2%
- 11.7%
- 21.9%
Single Family
Condo
Historical NH Inventory of Homes for Sale by Month
Single Family
17,500
Condo
15,000 12,500 10,000 7,500 5,000 2,500 0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 11
NH Percent of List Price Received Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
July
Year to Date
95.1% 95.8% 96.3%
94.8% 96.2% 97.1%
94.7% 95.0% 95.7%
2011
2012
2013
2011
2012
2013
2011
2012
+ 0.3%
+ 0.7%
+ 0.5%
- 1.5%
+ 1.5%
+ 0.9%
- 0.4%
+ 0.3%
Single Family
Condo
Pct. of List Price Received
95.0% 95.5% 96.2%
2011
2013
+ 0.7%
- 1.1%
Single Family
2012
+ 0.5%
2013
+ 0.7%
Condo
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
95.2%
+0.4%
96.1%
+1.1%
Sep-2012
94.6%
+0.2%
95.7%
+1.2%
Oct-2012
95.2%
+1.8%
96.0%
+0.6%
Nov-2012
95.2%
+0.7%
95.8%
0.0%
Dec-2012
95.0%
+1.1%
95.6%
+0.2%
Jan-2013
94.7%
+0.3%
95.1%
+0.7%
Feb-2013
94.3%
+0.5%
95.8%
+1.1%
Mar-2013
95.0%
+1.1%
96.4%
+1.3%
Apr-2013
95.6%
+0.8%
95.6%
+1.0%
May-2013
96.0%
+0.7%
96.3%
+0.3%
Jun-2013
96.3%
+0.7%
96.4%
+0.3%
Jul-2013
96.3%
+0.5%
97.1%
+0.9%
12-Month Avg*
95.4%
+0.8%
96.1%
+0.7%
* Pct. of List Price Received for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Percent of List Price Received by Month
Single Family
100%
Condo
99% 98% 97% 96% 95% 94% 93% 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 12
NH Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Year to Date
July
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
201
+5.8%
249
+11.7%
Sep-2012
210
+6.1%
251
+11.1%
Oct-2012
198
-5.3%
245
+14.0%
Nov-2012
201
-1.5%
265
+20.5%
Dec-2012
211
+5.0%
259
+7.0%
Jan-2013
214
+7.5%
268
+11.7%
Feb-2013
208
-5.0%
260
-0.8%
Mar-2013
212
+2.4%
243
-6.5%
Affordability Index
250
250 230
224
211
192
179
223
207 184
179
165
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
+ 3.5%
+ 7.3%
- 14.1%
+ 11.4%
+ 11.6%
- 15.6%
+ 7.6%
+ 12.5%
- 13.5%
+ 12.2%
+ 8.7%
- 10.8%
Single Family
Condo
Single Family
Condo
Historical NH Housing Affordability Index by Month
Apr-2013
204
-1.4%
248
-2.7%
May-2013
189
-5.0%
228
-5.0%
Jun-2013
167
-11.6%
211
-7.0%
Jul-2013
165
-14.1%
211
-15.6%
12-Month Avg*
198
-18.0%
201
-11.5%
* Affordability Index for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Single Family
275
Condo
250 225 200 175 150 125 100 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 13
NH All Properties Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales 7-2010
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
+ 12.7%
$195,000
$220,000
+ 12.8%
$182,500
$198,000
+ 8.5%
$364.2
$498.2
+ 36.8%
$1,990.8
$2,345.5
+ 17.8%
108
90
- 16.7%
120
105
- 12.5%
1,623
2,021
+ 24.5%
9,555
10,798
+ 13.0%
14.6
10.6
- 27.4%
--
--
--
2,545
3,071
+ 20.7%
19,861
21,438
+ 7.9%
18,957
16,074
- 15.2%
--
--
--
95.9%
96.5%
+ 0.6%
95.1%
95.8%
+ 0.7%
202
171
- 15.4%
214
187
- 12.4%
7-2013
Affordability Index 7-2010
10,318
7-2013
Pct. of List Price Received 7-2010
9,152
7-2013
Homes for Sale 7-2010
+ 23.3%
7-2013
New Listings 7-2010
1,993
7-2013
Months Supply 7-2010
1,616
Percent Change
7-2013
Pending Sales 7-2010
YTD 2012 YTD 2013
7-2013
Days on Market 7-2010
Percent Change
7-2013
$ Volume of Closed Sales (in millions) 7-2010
7-2013
7-2013
Median Sales Price 7-2010
7-2012
7-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 14
NH Single Family Residential Activity by County Key metrics by report month for the counties in the state of New Hampshire.
Closed Sales
Median Sales Price
Sales Volume (In Millions)
Days on Market
Pending Sales
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
Belknap
63
99
+ 57.1%
$165,200
$175,000
+ 5.9%
$16.0
$22.7
+ 41.9%
151
115
- 23.8%
71
100
+ 40.8%
Belknap Year-to-Date
451
530
+ 17.5%
$164,950
$166,250
+ 0.8%
$102.9
$126.4
+ 22.8%
138
129
- 6.5%
481
573
+ 19.1%
Carroll
79
89
+ 12.7%
$173,328
$202,875
+ 17.0%
$18.5
$25.9
+ 40.0%
153
122
- 20.3%
87
107
+ 23.0%
Carroll Year-to-Date
481
498
+ 3.5%
$175,000
$175,000
0.0%
$136.8
$117.4
- 14.2%
151
134
- 11.3%
486
516
+ 6.2%
Cheshire
73
86
+ 17.8%
$141,000
$165,250
+ 17.2%
$12.9
$17.2
+ 33.3%
140
112
- 20.0%
68
82
+ 20.6%
Cheshire Year-to-Date
431
449
+ 4.2%
$142,500
$155,000
+ 8.8%
$73.4
$77.3
+ 5.3%
131
132
+ 0.8%
443
453
+ 2.3%
Coos
32
37
+ 15.6%
$83,500
$70,000
- 16.2%
$2.9
$3.5
+ 20.7%
182
166
- 8.8%
34
43
+ 26.5%
Coos Year-to-Date
202
222
+ 9.9%
$75,000
$78,500
+ 4.7%
$17.4
$22.9
+ 31.6%
189
195
+ 3.2%
212
232
+ 9.4%
Grafton
86
113
+ 31.4%
$158,500
$204,000
+ 28.7%
$18.0
$31.7
+ 76.1%
145
125
- 13.8%
86
107
+ 24.4%
Grafton Year-to-Date
493
530
+ 7.5%
$156,000
$182,000
+ 16.7%
$111.2
$125.1
+ 12.5%
140
131
- 6.4%
515
540
+ 4.9%
Hillsborough
360
397
+ 10.3%
$222,000
$240,000
+ 8.1%
$87.3
$107.7
+ 23.4%
79
56
- 29.1%
333
398
+ 19.5%
1,955
2,056
+ 5.2%
$209,910
$225,000
+ 7.2%
$443.7
$510.2
+ 15.0%
97
75
- 22.7%
2,030
2,135
+ 5.2%
Merrimack
142
179
+ 26.1%
$175,000
$210,000
+ 20.0%
$27.7
$42.7
+ 54.2%
98
88
- 10.2%
149
175
+ 17.4%
Merrimack Year-to-Date
777
900
+ 15.8%
$173,158
$190,000
+ 9.7%
$157.1
$187.4
+ 19.3%
117
101
- 13.7%
814
940
+ 15.5%
Rockingham
327
443
+ 35.5%
$263,750
$275,250
+ 4.4%
$97.1
$139.7
+ 43.9%
95
79
- 16.8%
315
437
+ 38.7%
1,741
2,099
+ 20.6%
$243,000
$260,000
+ 7.0%
$482.4
$624.2
+ 29.4%
109
92
- 15.6%
1,837
2,218
+ 20.7%
Strafford
123
152
+ 23.6%
$190,000
$219,950
+ 15.8%
$25.6
$32.2
+ 25.8%
104
80
- 23.1%
143
151
+ 5.6%
Strafford Year-to-Date
691
791
+ 14.5%
$165,900
$180,000
+ 8.5%
$128.4
$153.8
+ 19.8%
110
91
- 17.3%
721
820
+ 13.7%
Sullivan
46
42
- 8.7%
$111,000
$136,950
+ 23.4%
$7.7
$6.9
- 10.4%
132
160
+ 21.2%
46
36
- 21.7%
Sullivan Year-to-Date
256
320
+ 25.0%
$130,000
$129,900
- 0.1%
$50.6
$52.1
+ 3.0%
156
162
+ 3.8%
266
331
+ 24.4%
Entire State
1,331
1,637
+ 23.0%
$207,900
$230,000
+ 10.6%
$313.7
$430.3
+ 37.2%
107
88
- 17.8%
1,331
1,636
+ 22.9%
Entire State Year-to-Date
7,478
8,395
+ 12.3%
$190,000
$209,000
+ 10.0%
$1,704.0
$1,996.7
+ 17.2%
118
103
- 12.7%
7,802
8,758
+ 12.3%
Hillsborough Year-to-Date
Rockingham Year-to-Date
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 15
NH Condo Activity by County Key metrics by report month for the counties in the state of New Hampshire.
Closed Sales
Median Sales Price
Sales Volume (In Millions)
Days on Market
Pending Sales
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
Belknap
22
19
- 13.6%
$116,000
$162,500
+ 40.1%
$3.1
$3.7
+ 19.4%
179
152
- 15.1%
22
25
+ 13.6%
Belknap Year-to-Date
94
99
+ 5.3%
$127,000
$156,000
+ 22.8%
$14.4
$18.1
+ 25.7%
143
168
+ 17.5%
99
104
+ 5.1%
Carroll
10
19
+ 90.0%
$165,000
$133,000
- 19.4%
$2.0
$2.9
+ 45.0%
223
93
- 58.3%
12
20
+ 66.7%
Carroll Year-to-Date
77
117
+ 51.9%
$135,000
$160,000
+ 18.5%
$11.3
$20.6
+ 82.3%
158
151
- 4.4%
78
119
+ 52.6%
Cheshire
5
8
+ 60.0%
$143,225
$130,063
- 9.2%
$0.6
$1.1
+ 83.3%
232
104
- 55.2%
5
10
+ 100.0%
Cheshire Year-to-Date
34
41
+ 20.6%
$152,350
$150,000
- 1.5%
$4.9
$5.9
+ 20.4%
246
134
- 45.5%
36
41
+ 13.9%
Coos
2
3
+ 50.0%
$270,000
$235,000
- 13.0%
$0.5
$0.6
+ 20.0%
144
136
- 5.6%
2
3
+ 50.0%
Coos Year-to-Date
11
14
+ 27.3%
$280,000
$260,000
- 7.1%
$3.3
$3.5
+ 6.1%
186
239
+ 28.5%
11
15
+ 36.4%
Grafton
20
28
+ 40.0%
$128,500
$149,500
+ 16.3%
$2.9
$4.8
+ 65.5%
73
132
+ 80.8%
22
22
0.0%
Grafton Year-to-Date
143
188
+ 31.5%
$158,450
$179,000
+ 13.0%
$24.5
$36.0
+ 46.9%
169
159
- 5.9%
151
192
+ 27.2%
Hillsborough
86
121
+ 40.7%
$149,950
$163,500
+ 9.0%
$14.2
$21.9
+ 54.2%
87
83
- 4.6%
91
121
+ 33.0%
Hillsborough Year-to-Date
555
650
+ 17.1%
$140,000
$152,750
+ 9.1%
$87.3
$109.7
+ 25.7%
99
88
- 11.1%
593
700
+ 18.0%
Merrimack
20
19
- 5.0%
$119,000
$134,500
+ 13.0%
$2.5
$2.8
+ 12.0%
117
75
- 35.9%
21
21
0.0%
Merrimack Year-to-Date
131
113
- 13.7%
$122,250
$142,000
+ 16.2%
$18.1
$17.6
- 2.8%
119
135
+ 13.4%
135
116
- 14.1%
Rockingham
107
127
+ 18.7%
$205,000
$205,900
+ 0.4%
$22.8
$28.4
+ 24.6%
110
102
- 7.3%
102
147
+ 44.1%
Rockingham Year-to-Date
536
593
+ 10.6%
$175,000
$182,000
+ 4.0%
$108.9
$122.3
+ 12.3%
123
103
- 16.3%
548
638
+ 16.4%
Strafford
11
11
0.0%
$126,500
$130,000
+ 2.8%
$1.4
$1.5
+ 7.1%
103
110
+ 6.8%
11
16
+ 45.5%
Strafford Year-to-Date
77
100
+ 29.9%
$123,000
$122,500
- 0.4%
$10.6
$13.6
+ 28.3%
133
97
- 27.1%
84
107
+ 27.4%
Sullivan
2
1
- 50.0%
$185,000
$144,000
- 22.2%
$0.4
$0.1
- 75.0%
289
113
- 60.9%
4
Sullivan Year-to-Date
16
8
- 50.0%
$177,000
$144,500
- 18.4%
$3.4
$1.6
- 52.9%
212
181
- 14.6%
15
8
- 46.7%
Entire State
285
356
+ 24.9%
$149,900
$171,000
+ 14.1%
$50.5
$67.9
+ 34.5%
114
99
- 13.2%
292
385
+ 31.8%
1,674
1,923
+ 14.9%
$150,000
$160,000
+ 6.7%
$286.8
$348.8
+ 21.6%
125
113
- 9.6%
1,750
2,040
+ 16.6%
Entire State Year-to-Date
--
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 16
Monthly Snapshot
It won't be long before the housing recovery is simply referred to as housing. Institutional and cash buyers have effectively priced themselves out of the market. During the downturn, much inventory was purchased by these groups. Now that prices are rising, there's less incentive for these kinds of buyers, yet affordability for consumers remains attractive. New Listings were up 20.5 percent for single family homes and 21.3 percent for condo properties. Pending Sales increased 22.9 percent for single family homes and 31.8 percent for condo properties. The Median Sales Price was up 10.6 percent to $230,000 for single family homes and 14.1 percent to $171,000 for condo properties. Months Supply of Inventory decreased 25.7 percent for single family units and 33.3 percent for condo units. With mortgage rates slightly up but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Although the unemployment rate remains a factor to watch, the housing recovery continues to plug along, helping the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters.
+ 23.0%
+ 10.6%
+ 37.2%
One-Year Change in Single Family Closed Sales
One-Year Change in Single Family Median Sales Price
One-Year Change in Single Familly Sales Volume
Residential real estate activity in New Hampshire. A Research Tool Provided by the New Hampshire Association of REALTORS®. Percent changes are calculated using rounded figures.
Single Family Activity Overview Condo Activity Overview Closed Sales Median Sales Price $ Volume of Closed Sales Days on Market Until Sale Pending Sales Months Supply of Inventory New Listings Inventory of Homes for Sale Percent of List Price Received Housing Affordability Index All Properties Activity Overview Single Family Residential Activity by County Condo Activity by County
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Click on desired metric to jump to that page. Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing.
NH Single Family Residential Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales 7-2010
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
New Listings
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
+ 12.3%
$207,900
$230,000
+ 10.6%
$190,000
$209,000
+ 10.0%
$313.7
$430.3
+ 37.2%
$1,704.0
$1,996.7
+ 17.2%
107
88
- 17.8%
118
103
- 12.7%
1,331
1,636
+ 22.9%
7,802
8,758
+ 12.3%
14.8
11.0
- 25.7%
--
--
--
2,132
2,570
+ 20.5%
16,534
17,902
+ 8.3%
15,786
13,597
- 13.9%
--
--
--
95.8%
96.3%
+ 0.5%
95.0%
95.7%
+ 0.7%
192
165
- 14.1%
207
179
- 13.5%
7-2013
Affordability Index 7-2010
8,395
7-2013
Pct. of List Price Received 7-2010
7,478
7-2013
Homes for Sale 7-2010
+ 23.0%
7-2013
` 7-2010
1,637
7-2013
Months Supply 7-2010
1,331
Percent Change
7-2013
Pending Sales 7-2010
YTD 2012 YTD 2013
7-2013
Days on Market 7-2010
Percent Change
7-2013
$ Volume of Closed Sales (in millions) 7-2010
7-2013
7-2013
Median Sales Price 7-2010
7-2012
7-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 2
NH Condo Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales 7-2010
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
+ 14.9%
$149,900
$171,000
+ 14.1%
$150,000
$160,000
+ 6.7%
$50.5
$67.9
+ 34.5%
$286.8
$348.8
+ 21.6%
114
99
- 13.2%
125
113
- 9.6%
292
385
+ 31.8%
1,750
2,040
+ 16.6%
13.5
9.0
- 33.3%
--
--
--
413
501
+ 21.3%
3,331
3,536
+ 6.2%
3,171
2,477
- 21.9%
--
--
--
96.2%
97.1%
+ 0.9%
95.5%
96.2%
+ 0.7%
250
211
- 15.6%
250
223
- 10.8%
7-2013
Affordability Index 7-2010
1,923
7-2013
Pct. of List Price Received 7-2010
1,674
7-2013
Homes for Sale 7-2010
+ 24.9%
7-2013
New Listings 7-2010
356
7-2013
Months Supply 7-2010
285
Percent Change
7-2013
Pending Sales 7-2010
YTD 2012 YTD 2013
7-2013
Days on Market 7-2010
Percent Change
7-2013
$ Volume of Closed Sales (in millions) 7-2010
7-2013
7-2013
Median Sales Price 7-2010
7-2012
7-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 3
NH Closed Sales A count of the actual sales that closed in a given month.
Year to Date
July
8,395
1,637
7,478
1,331
6,272
1,131
220
2011
2013
2011
+ 23.0%
+ 28.7%
2012
+ 26.7% + 17.7%
Single Family
285
2012
356
2013
+ 29.5% + 24.9%
Condo
1,450
2012
2011
- 4.4%
2013
+ 19.2% + 12.3%
2011
- 9.0%
Single Family
1,674
2012
1,923
2013
+ 15.4% + 14.9%
Closed Sales
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
1,499
+23.8%
313
+27.8%
Sep-2012
1,230
+7.9%
275
+22.2%
Oct-2012
1,295
+25.6%
255
+21.4%
Nov-2012
1,217
+36.3%
276
+45.3%
Dec-2012
1,095
+11.6%
213
-6.2%
Jan-2013
843
+19.4%
185
+13.5%
Feb-2013
724
+1.7%
182
+19.7%
Mar-2013
998
+3.5%
238
+21.4%
Apr-2013
1,145
+9.3%
271
+1.9%
May-2013
1,453
+10.6%
347
+16.1%
Jun-2013
1,587
+13.1%
341
+8.9%
Jul-2013
1,637
+23.0%
356
+24.9%
12-Month Avg
1,228
+15.7%
271
+17.5%
Condo
Historical NH Closed Sales by Month
Single Family
2,500
Condo
2,000
1,500
1,000
500
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 4
NH Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Year to Date
July $230,000 $203,750
$209,000
$207,900
$196,000
$190,000
$171,000 $155,000
$150,000 $150,000
$149,900
$160,000
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 0.1%
+ 2.0%
+ 10.6%
- 8.8%
- 3.3%
+ 14.1%
- 5.1%
- 3.1%
+ 10.0%
- 9.6%
0.0%
+ 6.7%
Single Family
Condo
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
$195,500
+0.3%
$150,000
-6.5%
Sep-2012
$190,000
+0.5%
$152,000
-5.1%
Oct-2012
$201,900
+15.4%
$155,000
-8.3%
Nov-2012
$199,900
+9.8%
$141,500
-15.0%
Dec-2012
$189,900
+2.1%
$147,000
-0.3%
Jan-2013
$187,900
-0.7%
$141,400
-5.7%
Feb-2013
$189,900
+11.7%
$143,351
+6.2%
Mar-2013
$185,000
+2.8%
$155,750
+15.4%
Apr-2013
$197,500
+7.9%
$154,900
+9.7%
May-2013
$208,000
+6.7%
$165,000
+6.5%
Jun-2013
$225,000
+8.2%
$170,000
+1.9%
Jul-2013
$230,000
+10.6%
$171,000
+14.1%
12-Month Avg*
$201,900
+6.5%
$155,000
+0.6%
Median Sales Price
Single Family
Condo
* Median Sales Price for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Median Sales Price by Month
Single Family
$275,000
Condo
$250,000
$225,000
$200,000
$175,000
$150,000
$125,000 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 5
NH $ Volume of Closed Sales The total dollar volume for all Closed Sales in a given month (in millions). Does not account for seller concessions.
Year to Date
July $430.3
$ Volume of Closed Sales (in millions)
$1,996.7 $1,704.0
$313.7
$1,471.5
$279.9
$39.6
2011
2013
2011
+ 37.2%
+ 22.7%
2012
+ 27.1% + 12.1%
Single Family
$50.5
2012
$67.9
2013
+ 27.3% + 34.5%
Condo
2012
2011
- 5.7%
2013
+ 15.9% + 17.2%
$251.6
$286.8
2011
2012
$348.8
2013
- 13.7% + 14.0% + 21.6%
Single Family
Condo
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
$350.6
+27.0%
$55.7
+29.3%
Sep-2012
$280.8
+10.1%
$47.9
+13.8%
Oct-2012
$307.8
+37.0%
$46.4
+22.8%
Nov-2012
$301.6
+49.7%
$47.2
+30.0%
Dec-2012
$259.6
+21.7%
$34.3
-17.4%
Jan-2013
$176.2
+12.0%
$31.0
+14.9%
Feb-2013
$153.8
+10.5%
$30.7
+31.6%
Mar-2013
$214.1
+3.8%
$42.5
+39.1%
Apr-2013
$261.4
+9.9%
$46.3
+5.8%
May-2013
$344.8
+18.2%
$64.3
+20.3%
Jun-2013
$414.3
+15.7%
$65.9
+13.3%
Jul-2013
$430.3
+37.2%
$67.9
+34.5%
12-Month Avg*
$291.3
+21.7%
$48.3
+19.0%
* $ Volume of Closed Sales (in millions) for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH $ Volume of Closed Sales by Month (in millions)
Single Family
$700
Condo
$600 $500 $400 $300 $200 $100 $0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 6
NH Days on Market Average number of days between when a property is listed and when an offer is accepted in a given month.
Year to Date
July
132
126
121 114
107
118
125 113
103
99
97
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
107
+7.0%
106
-15.9%
Sep-2012
113
-3.4%
127
-6.6%
Oct-2012
119
-4.0%
114
-9.5%
Nov-2012
114
-9.5%
129
-9.8%
Dec-2012
118
-6.3%
140
-4.1%
Jan-2013
110
-20.3%
144
-4.0%
Feb-2013
126
+3.3%
123
-5.4%
Mar-2013
115
-9.4%
118
-13.2%
Days on Market
88
Apr-2013
113
-4.2%
114
-4.2%
May-2013
106
-8.6%
112
-11.1%
Jun-2013
89
-21.9%
103
-12.0%
88
-17.8%
99
-13.2%
108
-8.7%
117
-9.6%
Jul-2013 2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 7.6%
+ 10.3%
- 17.8%
- 8.0%
- 9.5%
- 13.2%
+ 7.1%
- 2.5%
- 12.7%
+ 3.9%
- 5.3%
- 9.6%
Single Family
Condo
Single Family
Condo
12-Month Avg*
* Days on Market for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Days on Market by Month
Single Family
180
Condo
160 140 120 100 80 60 40 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 7
NH Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
July 1,636
8,758 7,802
1,331 6,530
1,104
$219
2011
2013
2011
+ 22.9%
+ 18.4%
2012
+ 15.7% + 20.6%
Single Family
292
2012
385
2013
+ 33.3% + 31.8%
Condo
1,513
2012
2011
- 3.3%
2013
+ 19.5% + 12.3%
2011
- 7.7%
Single Family
1,750
2012
2,040
2013
+ 15.7% + 16.6%
Pending Sales
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
1,503
+29.2%
287
+20.1%
Sep-2012
1,302
+18.4%
275
+27.3%
Oct-2012
1,228
+23.4%
255
+24.4%
Nov-2012
1,127
+28.1%
237
+23.4%
Dec-2012
983
+15.0%
199
-11.9%
Jan-2013
847
+9.9%
206
+21.2%
Feb-2013
820
+0.6%
209
+26.7%
Mar-2013
1,110
+2.3%
242
+7.6%
Apr-2013
1,265
+7.3%
308
+12.0%
May-2013
1,546
+23.8%
356
+7.6%
Jun-2013
1,549
+12.9%
341
+16.8%
Jul-2013
1,636
+22.9%
385
+31.8%
12-Month Avg
1,242
+16.4%
274
+16.4%
Condo
Historical NH Pending Sales by Month
Single Family
2,000
Condo
1,500
1,000
500
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 8
NH Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
July 18.1
17.1 14.8
13.5 11.0 9.0
2011
2012
2013
2011
2012
2013
+ 5.8%
- 18.2%
- 25.7%
+ 4.3%
- 21.1%
- 33.3%
Single Family
Condo
Months Supply
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
14.2
-21.5%
13.0
-22.2%
Sep-2012
13.5
-22.4%
12.2
-24.7%
Oct-2012
12.5
-23.3%
11.4
-27.4%
Nov-2012
11.2
-25.8%
10.4
-28.8%
Dec-2012
9.3
-29.0%
9.1
-28.3%
Jan-2013
9.2
-29.2%
9.0
-30.2%
Feb-2013
9.3
-29.0%
9.1
-32.6%
Mar-2013
9.6
-28.4%
9.6
-31.4%
Apr-2013
10.4
-26.8%
9.7
-31.2%
May-2013
11.2
-24.8%
9.8
-30.5%
Jun-2013
11.2
-25.3%
9.4
-32.9%
Jul-2013
11.0
-25.7%
9.0
-33.3%
12-Month Avg*
11.1
-25.4%
10.2
-28.9%
* Months Supply for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Months Supply of Inventory by Month
Single Family
50.0
Condo
40.0
30.0
20.0
10.0
0.0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 9
NH New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
July
17,902
2,570
16,594 16,534
2,324 2,132
443
3,449
501
413
3,331
3,536
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 3.4%
- 8.3%
+ 20.5%
- 15.8%
- 6.8%
+ 21.3%
- 5.6%
- 0.4%
+ 8.3%
- 13.9%
- 3.4%
+ 6.2%
Single Family
Condo
Single Family
New Listings
Single Family
Year-Over-Year Change
Condo
Aug-2012 Sep-2012
Year-Over-Year Change
2,141
-3.6%
400
+3.9%
1,798
+0.9%
354
-10.4%
Oct-2012
1,794
+4.2%
359
-5.8%
Nov-2012
1,293
-1.1%
267
+5.1%
Dec-2012
878
-17.9%
237
-8.1%
Jan-2013
1,713
+2.7%
388
-0.5%
Feb-2013
1,612
-12.8%
397
-8.7%
Mar-2013
2,319
-5.6%
539
+6.3%
Apr-2013
3,267
+12.7%
579
+6.4%
May-2013
3,544
+21.0%
604
+4.1%
Jun-2013
2,893
+11.3%
527
+14.1%
Jul-2013
2,570
+20.5%
501
+21.3%
12-Month Avg
2,053
+4.8%
417
+3.0%
Condo
Historical NH New Listings by Month
Single Family
4,000
Condo
3,000
2,000
1,000
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 10
NH Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
July 16,798
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
15,564
-8.2%
3,122
-11.5%
Sep-2012
14,957
-9.1%
2,987
-13.5%
Oct-2012
14,151
-9.4%
2,842
-14.6%
Nov-2012
12,951
-10.4%
2,620
-16.1%
Dec-2012
10,765
-14.5%
2,279
-16.7%
Jan-2013
10,733
-14.7%
2,280
-18.3%
Feb-2013
10,828
-16.1%
2,331
-20.4%
Mar-2013
11,208
-16.7%
2,470
-18.6%
Apr-2013
12,298
-14.9%
2,532
-18.9%
May-2013
13,458
-12.6%
2,582
-19.4%
Jun-2013
13,624
-13.4%
2,520
-21.4%
Jul-2013
13,597
-13.9%
2,477
-21.9%
12-Month Avg
12,905
-12.2%
2,597
-17.2%
Homes for Sale
15,786 13,597
3,591
3,171
2,477
2011
2012
2013
2011
2012
2013
- 0.9%
- 6.0%
- 13.9%
- 9.2%
- 11.7%
- 21.9%
Single Family
Condo
Historical NH Inventory of Homes for Sale by Month
Single Family
17,500
Condo
15,000 12,500 10,000 7,500 5,000 2,500 0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 11
NH Percent of List Price Received Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
July
Year to Date
95.1% 95.8% 96.3%
94.8% 96.2% 97.1%
94.7% 95.0% 95.7%
2011
2012
2013
2011
2012
2013
2011
2012
+ 0.3%
+ 0.7%
+ 0.5%
- 1.5%
+ 1.5%
+ 0.9%
- 0.4%
+ 0.3%
Single Family
Condo
Pct. of List Price Received
95.0% 95.5% 96.2%
2011
2013
+ 0.7%
- 1.1%
Single Family
2012
+ 0.5%
2013
+ 0.7%
Condo
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
95.2%
+0.4%
96.1%
+1.1%
Sep-2012
94.6%
+0.2%
95.7%
+1.2%
Oct-2012
95.2%
+1.8%
96.0%
+0.6%
Nov-2012
95.2%
+0.7%
95.8%
0.0%
Dec-2012
95.0%
+1.1%
95.6%
+0.2%
Jan-2013
94.7%
+0.3%
95.1%
+0.7%
Feb-2013
94.3%
+0.5%
95.8%
+1.1%
Mar-2013
95.0%
+1.1%
96.4%
+1.3%
Apr-2013
95.6%
+0.8%
95.6%
+1.0%
May-2013
96.0%
+0.7%
96.3%
+0.3%
Jun-2013
96.3%
+0.7%
96.4%
+0.3%
Jul-2013
96.3%
+0.5%
97.1%
+0.9%
12-Month Avg*
95.4%
+0.8%
96.1%
+0.7%
* Pct. of List Price Received for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Historical NH Percent of List Price Received by Month
Single Family
100%
Condo
99% 98% 97% 96% 95% 94% 93% 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 12
NH Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Year to Date
July
Single Family
Year-Over-Year Change
Condo
Year-Over-Year Change
Aug-2012
201
+5.8%
249
+11.7%
Sep-2012
210
+6.1%
251
+11.1%
Oct-2012
198
-5.3%
245
+14.0%
Nov-2012
201
-1.5%
265
+20.5%
Dec-2012
211
+5.0%
259
+7.0%
Jan-2013
214
+7.5%
268
+11.7%
Feb-2013
208
-5.0%
260
-0.8%
Mar-2013
212
+2.4%
243
-6.5%
Affordability Index
250
250 230
224
211
192
179
223
207 184
179
165
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
+ 3.5%
+ 7.3%
- 14.1%
+ 11.4%
+ 11.6%
- 15.6%
+ 7.6%
+ 12.5%
- 13.5%
+ 12.2%
+ 8.7%
- 10.8%
Single Family
Condo
Single Family
Condo
Historical NH Housing Affordability Index by Month
Apr-2013
204
-1.4%
248
-2.7%
May-2013
189
-5.0%
228
-5.0%
Jun-2013
167
-11.6%
211
-7.0%
Jul-2013
165
-14.1%
211
-15.6%
12-Month Avg*
198
-18.0%
201
-11.5%
* Affordability Index for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Single Family
275
Condo
250 225 200 175 150 125 100 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 13
NH All Properties Activity Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales 7-2010
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
7-2011
7-2012
+ 12.7%
$195,000
$220,000
+ 12.8%
$182,500
$198,000
+ 8.5%
$364.2
$498.2
+ 36.8%
$1,990.8
$2,345.5
+ 17.8%
108
90
- 16.7%
120
105
- 12.5%
1,623
2,021
+ 24.5%
9,555
10,798
+ 13.0%
14.6
10.6
- 27.4%
--
--
--
2,545
3,071
+ 20.7%
19,861
21,438
+ 7.9%
18,957
16,074
- 15.2%
--
--
--
95.9%
96.5%
+ 0.6%
95.1%
95.8%
+ 0.7%
202
171
- 15.4%
214
187
- 12.4%
7-2013
Affordability Index 7-2010
10,318
7-2013
Pct. of List Price Received 7-2010
9,152
7-2013
Homes for Sale 7-2010
+ 23.3%
7-2013
New Listings 7-2010
1,993
7-2013
Months Supply 7-2010
1,616
Percent Change
7-2013
Pending Sales 7-2010
YTD 2012 YTD 2013
7-2013
Days on Market 7-2010
Percent Change
7-2013
$ Volume of Closed Sales (in millions) 7-2010
7-2013
7-2013
Median Sales Price 7-2010
7-2012
7-2013
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 14
NH Single Family Residential Activity by County Key metrics by report month for the counties in the state of New Hampshire.
Closed Sales
Median Sales Price
Sales Volume (In Millions)
Days on Market
Pending Sales
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
Belknap
63
99
+ 57.1%
$165,200
$175,000
+ 5.9%
$16.0
$22.7
+ 41.9%
151
115
- 23.8%
71
100
+ 40.8%
Belknap Year-to-Date
451
530
+ 17.5%
$164,950
$166,250
+ 0.8%
$102.9
$126.4
+ 22.8%
138
129
- 6.5%
481
573
+ 19.1%
Carroll
79
89
+ 12.7%
$173,328
$202,875
+ 17.0%
$18.5
$25.9
+ 40.0%
153
122
- 20.3%
87
107
+ 23.0%
Carroll Year-to-Date
481
498
+ 3.5%
$175,000
$175,000
0.0%
$136.8
$117.4
- 14.2%
151
134
- 11.3%
486
516
+ 6.2%
Cheshire
73
86
+ 17.8%
$141,000
$165,250
+ 17.2%
$12.9
$17.2
+ 33.3%
140
112
- 20.0%
68
82
+ 20.6%
Cheshire Year-to-Date
431
449
+ 4.2%
$142,500
$155,000
+ 8.8%
$73.4
$77.3
+ 5.3%
131
132
+ 0.8%
443
453
+ 2.3%
Coos
32
37
+ 15.6%
$83,500
$70,000
- 16.2%
$2.9
$3.5
+ 20.7%
182
166
- 8.8%
34
43
+ 26.5%
Coos Year-to-Date
202
222
+ 9.9%
$75,000
$78,500
+ 4.7%
$17.4
$22.9
+ 31.6%
189
195
+ 3.2%
212
232
+ 9.4%
Grafton
86
113
+ 31.4%
$158,500
$204,000
+ 28.7%
$18.0
$31.7
+ 76.1%
145
125
- 13.8%
86
107
+ 24.4%
Grafton Year-to-Date
493
530
+ 7.5%
$156,000
$182,000
+ 16.7%
$111.2
$125.1
+ 12.5%
140
131
- 6.4%
515
540
+ 4.9%
Hillsborough
360
397
+ 10.3%
$222,000
$240,000
+ 8.1%
$87.3
$107.7
+ 23.4%
79
56
- 29.1%
333
398
+ 19.5%
1,955
2,056
+ 5.2%
$209,910
$225,000
+ 7.2%
$443.7
$510.2
+ 15.0%
97
75
- 22.7%
2,030
2,135
+ 5.2%
Merrimack
142
179
+ 26.1%
$175,000
$210,000
+ 20.0%
$27.7
$42.7
+ 54.2%
98
88
- 10.2%
149
175
+ 17.4%
Merrimack Year-to-Date
777
900
+ 15.8%
$173,158
$190,000
+ 9.7%
$157.1
$187.4
+ 19.3%
117
101
- 13.7%
814
940
+ 15.5%
Rockingham
327
443
+ 35.5%
$263,750
$275,250
+ 4.4%
$97.1
$139.7
+ 43.9%
95
79
- 16.8%
315
437
+ 38.7%
1,741
2,099
+ 20.6%
$243,000
$260,000
+ 7.0%
$482.4
$624.2
+ 29.4%
109
92
- 15.6%
1,837
2,218
+ 20.7%
Strafford
123
152
+ 23.6%
$190,000
$219,950
+ 15.8%
$25.6
$32.2
+ 25.8%
104
80
- 23.1%
143
151
+ 5.6%
Strafford Year-to-Date
691
791
+ 14.5%
$165,900
$180,000
+ 8.5%
$128.4
$153.8
+ 19.8%
110
91
- 17.3%
721
820
+ 13.7%
Sullivan
46
42
- 8.7%
$111,000
$136,950
+ 23.4%
$7.7
$6.9
- 10.4%
132
160
+ 21.2%
46
36
- 21.7%
Sullivan Year-to-Date
256
320
+ 25.0%
$130,000
$129,900
- 0.1%
$50.6
$52.1
+ 3.0%
156
162
+ 3.8%
266
331
+ 24.4%
Entire State
1,331
1,637
+ 23.0%
$207,900
$230,000
+ 10.6%
$313.7
$430.3
+ 37.2%
107
88
- 17.8%
1,331
1,636
+ 22.9%
Entire State Year-to-Date
7,478
8,395
+ 12.3%
$190,000
$209,000
+ 10.0%
$1,704.0
$1,996.7
+ 17.2%
118
103
- 12.7%
7,802
8,758
+ 12.3%
Hillsborough Year-to-Date
Rockingham Year-to-Date
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 15
NH Condo Activity by County Key metrics by report month for the counties in the state of New Hampshire.
Closed Sales
Median Sales Price
Sales Volume (In Millions)
Days on Market
Pending Sales
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
7-2012
7-2013
+/–
Belknap
22
19
- 13.6%
$116,000
$162,500
+ 40.1%
$3.1
$3.7
+ 19.4%
179
152
- 15.1%
22
25
+ 13.6%
Belknap Year-to-Date
94
99
+ 5.3%
$127,000
$156,000
+ 22.8%
$14.4
$18.1
+ 25.7%
143
168
+ 17.5%
99
104
+ 5.1%
Carroll
10
19
+ 90.0%
$165,000
$133,000
- 19.4%
$2.0
$2.9
+ 45.0%
223
93
- 58.3%
12
20
+ 66.7%
Carroll Year-to-Date
77
117
+ 51.9%
$135,000
$160,000
+ 18.5%
$11.3
$20.6
+ 82.3%
158
151
- 4.4%
78
119
+ 52.6%
Cheshire
5
8
+ 60.0%
$143,225
$130,063
- 9.2%
$0.6
$1.1
+ 83.3%
232
104
- 55.2%
5
10
+ 100.0%
Cheshire Year-to-Date
34
41
+ 20.6%
$152,350
$150,000
- 1.5%
$4.9
$5.9
+ 20.4%
246
134
- 45.5%
36
41
+ 13.9%
Coos
2
3
+ 50.0%
$270,000
$235,000
- 13.0%
$0.5
$0.6
+ 20.0%
144
136
- 5.6%
2
3
+ 50.0%
Coos Year-to-Date
11
14
+ 27.3%
$280,000
$260,000
- 7.1%
$3.3
$3.5
+ 6.1%
186
239
+ 28.5%
11
15
+ 36.4%
Grafton
20
28
+ 40.0%
$128,500
$149,500
+ 16.3%
$2.9
$4.8
+ 65.5%
73
132
+ 80.8%
22
22
0.0%
Grafton Year-to-Date
143
188
+ 31.5%
$158,450
$179,000
+ 13.0%
$24.5
$36.0
+ 46.9%
169
159
- 5.9%
151
192
+ 27.2%
Hillsborough
86
121
+ 40.7%
$149,950
$163,500
+ 9.0%
$14.2
$21.9
+ 54.2%
87
83
- 4.6%
91
121
+ 33.0%
Hillsborough Year-to-Date
555
650
+ 17.1%
$140,000
$152,750
+ 9.1%
$87.3
$109.7
+ 25.7%
99
88
- 11.1%
593
700
+ 18.0%
Merrimack
20
19
- 5.0%
$119,000
$134,500
+ 13.0%
$2.5
$2.8
+ 12.0%
117
75
- 35.9%
21
21
0.0%
Merrimack Year-to-Date
131
113
- 13.7%
$122,250
$142,000
+ 16.2%
$18.1
$17.6
- 2.8%
119
135
+ 13.4%
135
116
- 14.1%
Rockingham
107
127
+ 18.7%
$205,000
$205,900
+ 0.4%
$22.8
$28.4
+ 24.6%
110
102
- 7.3%
102
147
+ 44.1%
Rockingham Year-to-Date
536
593
+ 10.6%
$175,000
$182,000
+ 4.0%
$108.9
$122.3
+ 12.3%
123
103
- 16.3%
548
638
+ 16.4%
Strafford
11
11
0.0%
$126,500
$130,000
+ 2.8%
$1.4
$1.5
+ 7.1%
103
110
+ 6.8%
11
16
+ 45.5%
Strafford Year-to-Date
77
100
+ 29.9%
$123,000
$122,500
- 0.4%
$10.6
$13.6
+ 28.3%
133
97
- 27.1%
84
107
+ 27.4%
Sullivan
2
1
- 50.0%
$185,000
$144,000
- 22.2%
$0.4
$0.1
- 75.0%
289
113
- 60.9%
4
Sullivan Year-to-Date
16
8
- 50.0%
$177,000
$144,500
- 18.4%
$3.4
$1.6
- 52.9%
212
181
- 14.6%
15
8
- 46.7%
Entire State
285
356
+ 24.9%
$149,900
$171,000
+ 14.1%
$50.5
$67.9
+ 34.5%
114
99
- 13.2%
292
385
+ 31.8%
1,674
1,923
+ 14.9%
$150,000
$160,000
+ 6.7%
$286.8
$348.8
+ 21.6%
125
113
- 9.6%
1,750
2,040
+ 16.6%
Entire State Year-to-Date
--
Current as of August 13, 2013. All data from New Hampshire Assosiation of REALTORS®, Inc. and Northern New England Real Estate Network. Powered by 10K Research and Marketing. | Click for Cover Page | 16
