Nashua NH Real Estate - July 2009 Market Report

Nashua, New Hampshire Homes and Condominiums Sold - July 2009

The market statistics for single family homes sold in Nashua, NH indicate that the market may have bottomed out and is turning the corner. There was a 20% increase in homes sold in compared to 2008 transactions (increase from 55-66). The strength of the first-time home buyer market may be a contributing factor.

The average selling price increased 4.5% which is the first increase in month over month comparisons in quite awhile. If this trend continues, then the market will have definitely hit bottom. It is unlikely that values will return to 2007 levels, but an increase is a very positive sign.

The condominium market continues to soften as financing is the major contributing factor. Transactions increased almost 30% but the average sales price continues to decline. The average sales price was -11% as compared to 2008. The foreclosure market has had a major impact on this segment of the market.

View Nashua, New Hampshire second quarter market reports and Nashua June reports to view trends.

Visit Virtual Homes Real Estate for tools and resources to evaluate your local real estate market.

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.