We are using the following towns on the Seacoast for this real estate market report.
Portsmouth, Newcastle, Rye, North Hampton, Hampton, Hampton Falls, South Hampton and Seabrook.
Total homes on the market for these towns in February of 2011 vs 2012. 401 homes on the market in 2011 vs 394 in 2012 which is a decrease of 1.7%.
There were 28 homes sold in February 2011 vs 17 sold in February 2012 which is a decrease of 39.3%.
There were 63 new listings to enter the market in February 2011 and there were 79 new listings in 2012. That is an increase of 25.4%.
Pending home sales in February of 2011 were 37 and in February of 2012 there were 48 that is in increase of 29.7%.
The average home for sale on the market in February of 2011 was $591,000 as compared to February of 2012 which was %595,000 which was an increase of .67%.
The average home sales price for February of 2011 was $433,000 as compared to February 2012 which was $286,000 which is a decrease of 34%. So the average home sales price has dropped a lot. Looks like the lower priced homes are selling a lot more than the more expensive homes. The median priced homes that sold in February of 2011 was $369,000 as compared to $230,000 in 2012.