With the kids back to school and the weather changing to a crisper climate, it will be interesting to see how the housing market is affected in Q4 of 2018. Before we look ahead though, we’d like to share Q3 housing market data for the NH Seacoast and offer some insight into what the data is telling us.
At the end of each quarter we compile all the sales transactions for the towns we do the majority of our business in and present it in an easy to digest summary. We hear from clients, customers and neighbors that the data helps them keep a close eye on the market and could potentially impact their decision on when/if to buy or sell.
All of the data can be viewed and downloaded by clicking on the following links, but just in case you don’t have time to dig through it all on your own time, below are a few of the more notable stats that are worth a close look.
For this blog post we are highlighting a piece of the data - single family residence sales transactions in Rockingham County for the following towns: Hampton Falls, New Castle, Newfields, Newmarket, North Hampton, Exeter, Greenland, Hampton, Portsmouth, Rye and Stratham.
We are always looking to see where the activity is happening – i.e. where homes are selling from both a volume and days on market perspective. From July-September, Portsmouth recorded the most single family sales transactions with 54, followed by Hampton (48) and Exeter (37). However, when looking at the top towns with lowest days on market we saw Newfields, (while only recording three transactions for Q3), had the lowest days on market at 22. Taking second and third place were Newmarket and Exeter with 34 and 35 days on market, respectively.
With Exeter popping up towards the top of both of these lists, it's a strong signal that sellers are pricing homes at values being well received by the market and that there is high demand for property on the buyer side. To learn more about what makes Exeter a desirable community to live in, or research our other great Seacoast town, visit our Seacoast Towns page.
Rounding out the key findings from this quarter's report, the top three towns with the highest average sale price in Q3 were New Castle ($1,822,200), Rye ($1,074,340) and North Hampton ($832,825).
It will be interesting to see if these trends continue when we recap Q4 sales data at the end of the year, or if any new trends emerge for us to discuss!
As always, if you have any questions about the data or are thinking it might be time to buy/sell property along the Seacoast, give us a call or swing into our Rye office location.
- Your Madden Real Estate Team