Amherst New Hampshire Real Estate Market Update - April 2009

Single Family Market Activity - April 2009

Amherst, NH closed transactions in April of 2009 continue to reflect the effects of the economy through the local housing market.  There were 42 new listings with 6 pending and 9 closed.  As of this date, there are 118 current listings with the average asking price of $492,396.

In 2008, there were 11 closed transactions with the average selling price of $409,144.  In 2009, the average sales price of the 9 closed single family homes was $326,764 with an average days on market being 261.  The strength in the market is at the first-time home buyer level where significant incentives exist.  There is an $8000 tax credit, low interest rates and favorable pricing.

The Amherst, NH 2009 First Quarter market report indicated the average sales price to be $379,558 which is significantly higher than April closed transactions.

The current market conditions indicate that this is an exceptional opportunity to buy a home with historically low interest rates (4.75% fixed rates), affordable prices and a great selection of homes and condominiums.  Take advantage of the FHA programs available today.

Visit New Hampshire Real Estate for community information about towns in New Hampshire.  Go to NH Foreclosures to obtain listings on New Hampshire bank owned homes.

Information is provided by Virtual Homes and real estate services provide by RE/MAX Country Properties, Amherst, NH.  Visit Massachusetts Real Estate to obtain relocation and school information in MA towns. 

Housing and condo data was obtained from the NNEREN (Northern New England Real Estate Network), the NH statewide MLS.  This information may not be accurate and does not represent all properties sold in NH.