To: jlallen who wrote (562656 ) 4/25/2010 11:12:54 AM From: tejek 1 Recommendation Respond to of 1575427 Positive signs in home sales By JEFF FEINGOLD New Hampshire Business Review The New Hampshire residential real estate market continues to show signs of recovering, with gains recorded in both number of units sold and median price in the first quarter of 2010. It was the first statewide quarterly price increase since 2006 and the first increase in quarterly unit sales since 2004, according to the New Hampshire Association of Realtors, which provided the data.In the first quarter of 2010, there were 1,885 residential sales – 12.6 percent more than reported a year earlier. The median residential price was $207,000 in the 2010 quarter, 5.9 percent higher than the $195,500 average in the first quarter of 2009. Increases were reported in the condominium market as well. The median price was $159,900 – 4 percent higher than the $154,000 median a year earlier. Unit sales picked up in six of the state’s 10 counties, including Hillsborough County, although the increase here was modest at 4.3 percent. In counties like Rockingham and Strafford, sales were up nearly 20 percent. In Merrimack County, sales jumped 38.4 percent. The average sale price in Hillsborough County declined, but only slightly. The average price in the first quarter of 2010 was $217,450, down from $219,450 for the same period in 2009. Homes in the county spent longer on the market, but again only slightly. The average number of days on the market was 124, up from 118 last year. Statewide, average days on the market statewide decreased only slightly from 143 days in the 2009 quarter to 141 days in 2010. “We continue to be encouraged by the positive signals,” NHAR President Monika McGillicuddy, an agent with Prudential Verani in Londonderry, said in a prepared statement. “We try to be cautious in terms of prematurely labeling any movement in the numbers as a trend, but there truly seems to be positive momentum in the marketplace.” McGillicuddy said the market is “continuing to head in the right direction,” adding: “The overall picture is good news.” According to Exeter demographer Peter Francese, a consultant and columnist for NHAR, the housing market data and other economic indicators – particularly employment numbers – all bode well for New Hampshire.“Our state is on track to lead New England out of this awful recession,” he said, “and our real estate market is also likely to recover faster than other nearby states.” Asked if he felt as though the April 30 expiration of the homebuyer tax credit would put the brakes on the market’s momentum, Francese downplayed that possibility. Staff writer Ashley Smith contributed to this report.