NH house values, Londonderry NH real estate trends: 431 single family homes were listed in Londonderry NH in 2006 vs. a total of 305 houses in 2005. The average list price increased by 5.9% from $359,054 in 2005 to $380,480 last year, while the supply of homes for sale jumped by 41% relative to 2005.
These numbers include all residential homes but no condos, land and multi-family properties in Londonderry New Hampshire. The statistical information of real estate activity is based on the Multiple Listing Service or MLS listing activity only and excludes any private sales of homes in Lodonderry.
by Janos Kovacs, MSEE, Realtor and real estate agent of Prudential Verani Realty.
Londonderry NH real estate: monthly listing volume of homes for sale in the MLS
New listings activity in 2006 was off to a feverish start: by the end of March 104 homes were listed, nearly double the 58 houses entering the market by March of 2005. This pace of inventory build-up of homes for sale continued unabated: in June, July and August of last year 140 houses came on the market, compared to 102 properties during the summer of 2005.
During the normally quiet summer vacation month of July a record 52 homes were listed in 2006 vs. 29 houses in 2005. As usual, during the fall and winter month listing activity tapered off to an average 26 homes per month.
Londonderry NH market trends: monthly average of listed house prices
While the total number of homes listed in Londonderry New Hampshire went up dramatically, the average list price (this is the asking price and not the sold price) increased to $380,480 up by about $20,000 from $359,054 a year ago.
In a real estate market generally viewed as in the buyer’s favor, this is surprising. In Londonderry a healthy new construction activity was the overriding factor in keeping home values up. The average list price of a new construction home increased from $404,076 in 2005 to $425,959 in 2006.
Summary of MLS listing activity of houses for sale in Londonderry New Hampshire:
In 2006 the supply side activity of the real estate market in Londonderry NH took a dramatic upturn. Listing prices increased by 5.9% while the total number of homes listed in 2006 jumped to 431 single family homes, a 41% increase over 305 in 2005.
Londonderry NH home seller resources: 1-2-3.HousePricesNH.com
Search home sale prices in NH around any address. Find trends of sold house prices in New Hampshire by zip code. Read home seller tips, guides to selling your house in NH, free reports. Request an on-line home evaluation; free CMA market analysis of homes in Southern New Hampshire.
More information on real estate in Londonderry NH:
LACTV Channel 20: MLScast TV show
To see more market information on Londonderry NH real estate; watch the Mr.Janos MLScast Show on LACTV Channel 20.
The program covers market trends and statistics of real estate in Windham, Salem, Londonderry and Derry New Hampshire. It also provides helpful hints and tips for home sellers on maximizing their sale price and timing the sale of their property in Southern New Hampshire.
