Category — Durham

Durham, New Hampshire
April 2008 Housing Market Report

There are currently 34 homes for sale in Durham, NH. The average listing price is $488,879 and the average time on market is 122 days. In April there were a total of 10 new residential home listings in Durham with an average price of $690,270.

6 homes sold in Durham, NH in April. The average sales price was $277,833  which was 95.8% of the asking price. Homes that sold were on the market an average of 130 days. There were twelve pending residential home sales reported in Durham in April with an average listing price of $369,425.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Durham, NH - Single Family Home Sales Report For March 2008

How Many Homes Sold In Durham, NH Last Month?

There were three single family home sales in Durham in March, the same volume as last March. The average sales price was $519,633, which was an average of 94.8% of the listing price. There were six homes that went under contract last month, again even with March 2007, however the average listing price of new contracts was up 20% to $340,783.

There are 35 homes for sale in Durham today with an average listing price $487,689 and an average time on market of nearly four months.

Based on information from the Northern New England Real Estate Network, Inc. for the period March 1, 2007 to March 31, 2008.

Durham, NH Single Family Home Market Recap For 2007

If the 2007 Durham real estate market felt a lot like the year before, that is because in some ways, it was.

Durham saw 68 single family home sales in 2007, just one less than the prior year. The average listing price of homes that sold was up 1.1% from 2006 to $399,509. The average sales price was $368,302 or 97.3% of the average selling price the year before. The difference between asking price and selling price widened a bit in 2007 to 7.8%. Time on market lengthened slightly to 122 days on market but was in the same ballpark as the preceeding year.

Pending Sales Tumble in 2007

Where the Durham home market stumbled was in pending sales which were at two thirds of the level seen in 2006. The average listing price of the 64 homes that did go under agreement was $397,545.

Less inventory than 2006.

121 single family homes reached the Durham market last year, which was about 80% of the previous years total. Average asking price of the listings was way down from $521,511 in 2006 to $453,414 in 2007 - 13% less than the previous year.

Notable Durham homes sales in 2007 include an Oyster River waterfront home on Deer Meadow Road that sold for $1,250,000 with an original asking price of $1,700,000.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2006 to December 31, 2007.