The best way to try and show you what the Hampstead NH real estate market is doing is to create an Absorption rate chart for you. Hampstead NH Absorption rate Oct 2008... not a pretty picture. Currently there is a 21.7 month supply of homes on the market. This is based on sold data with no price range or size restrictions. If you narrowed it down to a specific price point and size it would narrow significantly.
For example using the same time frame but adding the price range of $250,000 to $299,900 the chart would narrow down to 13 + months of inventory. 13 plus months is still pretty high. If you compare it to a year ago we're doing a little better. Which is a good thing!
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Monika thanks for your Market update... It all brings promise...
Caron...Slight promise...but that is much better than no promise.
Monika this is the first time that I have seen the data on a market report being displayed this way....... I like it. easy to read and follow.
Thanks George. It was easy for me to do and I am not at all techie.
Hi Monika - I like these charts for this kind of presentation! I don't like what they say, though. The markets will change, they always do!
Ann