Only 559 homes sales were closed in Februrary, the lowest monthly total since 2011.

The NH Real Estate market is still showing sluggish signs of activity.

Hillsborough County:

Closed Sales down 31.8%

Average Days on Market is up 66.7%

Pending Home Sales down 5.4%

Sales Volume down 33.9%

Median Sales Price down 8%

• WOW! Mortgage refinance demand surged 18% week to week but was still 75% lower than the same week one year ago. Recently, Mortgage Bankers said mortgage home purchase applications rose 3% for the week and were 37% lower than the same week one year ago. The average …

Median Sales Price: $425,000

Average Days on the Market: 32. (Up 14.3% since December 2021).

Pending Home Sales: 662. (Down 19.3 % Since December 2021).

Closed Home Sales: 1,029. (Down 28.2% Since December 2021).

Recession worries have been the talk throughout the second half 2022. And as many dont want to admit, the numbers speak for themselves...

Closed home sales are down 31% compared to 2021

Pending homes are down 24% since 2021

Sales volume is down 17% since 2021

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In The News- New Hampshire Real Estate News Update.

• Mortgage demand falls even further, as rates shoot back up to July Highs.
• Fixed Mortgage rates will fall to 4.5% in 2023, Fannie Mae Estimates.
• Wild swings in August mortgage rates cause rare surge in refinance demand.
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• Landscaping, aka your Curb appeal.
• Updated Kitchen Appliances.
• New Front Door.
• Windows.
• Flooring.
• Bathroom Remodel.
• A Fresh Coat of Paint.
• Garage Door Replacements.
• Siding Replacements.
• Patio, …

5/23/2022- In the News

- Weekly mortgage demand from homebuyers drops 12%.

- Building & Material prices up 36% as inflation continues to surge.

- Tight housing supply continues to fuel housing price increases as median home prices increase 14% annually compared to last year..

- …

5/5/2022- Federal Reserve has just raised its federal funds rate by a half point, a move that has not been seen in over a decade! What does that mean to consumers? The central bank sets the Federal Funds rate. This is the rate which banks both local, regional and national …