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Nashua New Hampshire Q2 2010 Real Estate Update

Filed under: Uncategorized — emitaliablog
Posted on July 9, 2010 @ 1:36 pm
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The Nashua, New Hampshire Q2 2010 real estate activity reports that the housing market continues to improve but values may have not seen a bottom.  Home and condo transactions continued to climb however values for condominiums dropped.  The strength of the Nashua NH real estate market was in the entry level where first time homebuyers continued to take advantage of the tax credits offered in the stimulus package.   In comparison to 2009 average sales prices both single family homes and condominium values were higher in this current time frame.  Visit the Nashua NH Q1 real estate report for further evaluation of market conditions.

Single Family Homes

The Nashua NH homes sold activity in Q2 2010 indicates a 6% increase in value and a 10% increase in homes sold.  [The average sales price was reported at $249,378 as compared to 2009 values of $235,140.|The 2010 values of $249,378 were up over the 2009 average prices of $235,140.} The peak value in the last four years was in 2007 and was reported at $288,616.  The affordability of declining prices and extremely low interest rates encouraged buyers to buy a home.  Average days on market improved from 100 days to 98 DOM reflecting that well priced inventory is selling more quickly

The Q2 inventory was reported at 262 active listings at an average list price of $324,409 and a DOM of 168 days. 


The Nashua, New Hampshire condo market in Q2 2010 reported an increase in sales and a decline in values from 2009.  The average sales price dropped from $181,051 in 2009 and was reported at $173,634 in 2010. The peak value in the past four years was obtained in 2007 with a value of $210,910. 

Second quarter activity for 2010 reports 168 units sold over 136 in 2009.  Foreclosures of condominiums and financing restrictions continue to have a major impact on this market segment.  Since the strength of the market has been in the entry level, low down payment options are necessary for buyers to purchase.  Condo developments that do not have FHA approval typically require higher down payments.  In addition, the affordability of single family homes has provided some buyers with a greater selection of inventory.

Nashua active condo listings were reported at 148 units for sale at an average asking price of $215,398 and days on market of 90.

Virtual Homes Real Estate compiled the Nashua NH report from the NH MLS (NNEREN).  The information is not guaranteed to be accurate.

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