NH April home prices up 6.7 percent from a year ago

Prices jumped 7.9 percent in Manchester-Nashua

Home prices in New Hampshire rose by 6.7 percent in April 2017 compared with April 2016, and they rose even more significant in the Manchester-Nashua area, according to real estate data analytics firm CoreLogic.

The California-based company said that, in Manchester-Nashua, home prices rose increased by 7.6 percent in April compared with a year earlier. On a month-over-month basis, home prices in the area increased by 2.0 percent in April compared with March.

Nationwide, home prices increased year over year by 6.9 percent in April 2017 compared with April 2016 and increased month over month by 1.6 percent in April 2017 compared with March 2017, according to the CoreLogic.

According to CoreLogic’s Home Price Index Forecast, that nationwide home prices will increase by 5.1 percent on a year-over-year basis from April 2017 to April 2018, and on a month-over-month basis home prices are expected to increase by 0.7 percent from April 2017 to May 2017.

"Mortgage rates in April dipped back to their lowest level since November of last year, spurring home-buying activity," said Dr. Frank Nothaft, chief economist for CoreLogic. "In some metro areas, there has been a bidding frenzy as multiple contracts are placed on a single home. This has led home-price growth to outpace rent gains.”