John Rice - Tate & Foss - Sotheby's John Rice

Market Insights

June seacoast sales continue to gain

By John W. Rice, President, NH Association of REALTORS 

PORTSMOUTH-June sales of single family homes among the 13 sample seacoast towns recorded a 6% monthly gain, making June the strongest month of the year to date, according to the Seacoast Board of REALTORS.

            After May's record month, a less typical June could have been expected. June is normally the strongest month of the year. However, once again that tradition was upheld albeit the 105 sales recorded was one less than last June.

            Two new all-time records for any month were set in June with 37 sales in the $400-$700,000 price range (up 76% from last month) and in the $700,000 to $1million range with nine sales, three more than last month.

            Second quarter results were up 8.8% from a year ago and 77% from the first quarter. For the year, total sales are up 9.1% from 2011.

            Meanwhile, the year's condo rally cooled with sales off 13.7% from last month but still up 18.9% from last year. The month set a new high for the year in sales from $600,000 to $1 million with four sales. Second Quarter totals reveal a staggering 33.6% gain from 2011. Total condo sales for the year are a robust 27.4% ahead of 2011.


© 2019 John Rice . All Rights Reserved