info@thegovegroup.com
    6037786400

The Gove Group Real EstateThe Gove Group Real Estate

Raising The Standard of Real Estate

  • Home
  • Communities
    • New Home Communities
    • 55+ COMMUNITIES
    • Quick Delivery Homes
    • Builders
  • Listings
    • Luxury Collection
    • Our Resale Homes
    • COMING SOON
    • Search
  • Real Estate 101
    • Buyer Resources
    • Seller Resources
    • Mortgage Calculator
    • Guide To Buying New
    • Our Blog
  • About Us
    • The Gove Group Team
    • CAREERS
    • Professional Marketing
    • Our Charitable Partnerships
  • CONTACT US
  • User Signup
  • Sweetheart of A Deal

January 2019 Market Trends

 

Single Family Sales

Home sales in Rockingham & Strafford County for January came in at the weakest we have seen since February 2018 (318). January sales fell 13.7% year over year coming in at 334 compared to 387 in January 2018. Month over month sales also fell 24.9% from December and while on the surface that appears to be a large drop off it is actually the smallest December to January decline we have seen since 2014 – on average we have seen about a 40% drop off over the past 4 years. We have started to see a big increase in demand after the first of the year and if the inventory is there we believe this will be a very strong Spring Market.

Average Home Sales

Average home sales price for Rockingham & Strafford County took a big jump in January coming in at $379,390 which is a 9.8% increase from last month and 6% higher than last January’s $357,815 figure. While active inventory is 9.7% higher than at the same point last year it still fell 2.7% month over month and current month’s supply of inventory has once again dropped below 2 coming in at 1.9 which is the lowest level we have seen since April 2018. With the recent increase in demand after the first of the year and the low levels of inventory available the increased average sales price was to be expected. As more inventory comes on as we move into spring we expect the average sales price to come back down to the $350-370k range we have seen over the past year.

Posted in: Blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post navigation

« The Gove Group Launches a New Home Communities Page
How to Jump-Start Your Spring Cleaning »

Our Mission

Raising the standard by effectively combining the latest technology and marketing strategies with a team-based approach to real estate services. Experienced REALTORS® providing a competitive edge for buyers and sellers in an ever-changing market.

Contact Us

6037786400
info@thegovegroup.com

70 Portsmouth Ave, Stratham, NH 03885
603.778.6400
952 Post Rd, Suite 9, Wells, ME 04090
207.618.5000

Fax: 603.772.4786

© 2019 · Equity Framework
Privacy Policy · Listings Sitemap · Log in
Close