Re/Max: N.H. home sales fall again in May

But pending sales are up again from a year ago

Single-family home sales in New Hampshire continued to fall and median price continued to rise in May, according to a report from Re/Max of New England.

According to the firm’s May Monthly Housing Report, home transactions in New Hampshire fell 5.6 percent from May 2013, and median price rose 7.3 percent form the same period. Pending sales, however, were up 5.6 percent year-over-year.

The report also found that inventory of homes on the market totaled fell again in May, to 14,969, from 15,545 in April.

Also in May, the average number of days a home was on the market totaled 105, down from 110 a year earlier.

The report contains more specific, and a little more hopeful data for the Nashua area, where it said total sales in May rose to 89, up from 77 a year ago and median price rose to $207,000 from $200,000.

Overall, the report found that home sales New England-wide fell another 8.4 percent – the fifth consecutive month of year-over-year declines in 2014. However, pending sales rose 3.7 percent over April 2013, and median prices were up in every state except Connecticut, where they fell 3.5 percent, and Rhode Island, where they were flat.

Categories: Real Estate & Construction