Rockingham County Home Sales Contracts Plunge In February

Real Estate Market Report - February 2008
Rockingham County, New Hampshire

There are currently 2,018 single family homes for sale in Rockingham County with a total listing valuation of $899,531,900 and an average listing price of $445,754. The average time on market is approaching six months at 176 days.

There were 377 new listings in February, down about 7.5% from the same period last year. Average listing price was up just a tad (less than 1%).

February closings were down slightly, with 145 closed sales - ten less than the 155 closings that occurred last February. The difference between the asking price and the home sales price remained steady (actually up 1/10th of a percent). Time on market was slightly shorter, averaging 136 days.

Rockingham County Home Sales Contracts Plunge In February

Pending sales in February were down precipitously with nearly 40% less contract volume than last year. 151 single family homes were put under agreement vs. 248 contracts last February - of the homes that went under agreement the average listing price was $337,757 - down from the average listing price of $383,276 last year. Average time on market was nearly even.

Are buyers just waiting on the sidelines ready to rush in to the market in March? We’ll know in a month.

Where do you think the market is heading in Rockingham County? Post a comment below!

Based on information from the Northern New England Real Estate Network, Inc. for the period February 1, 2007 to February 29, 2008.