So you decided to dig deep into New Hampshire real estate market. First of all, you must know certain information about the location of New Hampshire. New Hampshire is a state in the New England region of the northeastern United States. It shares borders with Massachusetts to the south, Vermont to the west, Maine and the Atlantic ocean to the east. And the Canadian province of Quebec to the North. Fun fact, New Hampshire is the fifth smallest by area and tenth least populous of the fifty states. Concord is the name of the capital. And Manchester is the largest city in the state. It does not have any general sales taxes, nor is personal income taxed at either state or local level. That is a certainly a big plus when it comes to real estate. The New Hampshire primary is the first primary in the US presidential election cycle.
Residential real estate market
With this intro out of the way, we can begin to discuss real estate matters more closely. Now you are all aware that prices fall and rise. But, current development in New Hampshire is that prices continue to rise. And, according to the New Hampshire Association of Realtors what inventory there is continues to be snapped up. That is the latest snapshot of New Hampshire’s residential real estate market. There is a report from the Realtors from July. And the report says that 1,888 single family home sells at a price of 298,850$. That is 30 more home sells than in the same period of 2017. The median price is 30,000$ more than last years. That is a 10.7 percent increase. And, the picture is different for condos. There are 483 units sold on July, 29 more than in 2017.
The current climate for real estate market
The current climate for consumers in New Hampshire is without a doubt one of the most challenging yet.The executive director of NeighborWorks Southern New Hampshire says that there is a lack of ‘for sale’ signs.That is a great opportunity for sellers, but that puts quite huge stress on the back of first-time buyers. And if you are looking to purchase a real estate this puts you in a significant disadvantage. With that in mind, there is much competition for what little affordable inventory is available. Furthermore, if you seek to rent, the rental market is red hot also. Vacancy rates are around 2 percent.Talking in percentages, a balanced market is around 4 – 5 percent. By the numbers from the report. Statewide, the median rent, including utilities, for a two bedroom house is around 1,300$. Now let me put that in perspective. That is almost 15% up in the last 5 years.
Considering relocation to New Hampshire real estate
There are many things that go to the pros side of New Hampshire that is without question. If you decide to relocate to a distant place New Hampshire might just be what you need. Furthermore, New Hampshire ranks number 4 in quality of education. The state enjoys the highest median household income in the nation. They stand out as number 1 for the opportunity. Moreover, on national standings, New Hampshire ranks as 5 among the best states in general. So if you feel reluctant so far about a possible relocation to Granite state. Pack up your things fight the competition and brace yourself for a new home for you and your family. There is a point to make for the state’s healthy environment and a sense of social connectedness. New Hampshire ranks as number 4 on the list here.
Picking your real estate movers
Hopefully, by now you are a step closer to that final decision to move to New Hampshire. I take it on myself to provide you the readers of this article some movers. Let’s start with movers. Finding the right mover for the job is a must. It really is. The right mover will make your relocation easy and smooth. Just the way you want it to be. And that is why you need to start looking for your right away! Don’t know where to start? Take a look at Preferred Movers. They can provide you with all the assistance you might need. And more!
With this, I conclude this topic with a huge amount of hope that finds you closer to a decision towards moving. Also, I do not know what are your priorities when considering moving to New Hampshire. Furthermore with a glance to the real estate market and all pros that are going in the New Hampshire’s way. With certainty, I can state that you will not regret your choice of moving to a granite state. Pick your preferred movers and be a step closer to the proper beginning of your new life. But be fast since there are not many ‘for sale’ units left. Of course, there will be some competition to fight for your new home but it will be worth it. New Hampshire possesses many things to do and visit. So that is sure to make your adaptation to your new residential area a bit easier. And what do you know it might bring you and your family closer together.