Seacoast Oct. home sales dip, but median price soars

Same results on the condo sales side

October median monthly sale prices of single-family and condominium units hit at least a two-year record in 13 sample Seacoast towns, according to statistics from the Seacoast Board of Realtors.

Single-family home volume remained was down 3.2 percent from October 2012, and was one sale shy of the September 2013 total, with 88 transactions.

But median monthly price rose 17 percent from 2012, to $399,900 — the highest monthly median in at least two years, the Realtors said.

For the year through October, the median sale price has climbed 7.66 percent from 2012.

On the condominium side, monthly sales were off 15.9 percent from 2012, with 37 closings. But, like single-family sales, median condo sale prices hit at least a two-year record of $275,000, up 25 percent from a year ago. The 10-month median sale price stood at $232,500, up 7.63 percent from 2012.

All told, the Realtors reported that total annual sales volume remains slightly ahead of 2012. Single-family sales are up 1.2 percent and condominium transactions are up 9.2 percent.

The 13 towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth Rye, Seabrook and Stratham.

Categories: Real Estate & Construction