Soft Landing is seen in NH Housing Market

New Hampshire's housing market is experiencing a soft landing, according to those with an eye on the real estate field.
Residential homes in New Hampshire are staying on the market longer as sales volume has dipped, according to data from the NH Association of Realtors. But prices are holding steady. A total of 2,372 homes were sold in the first quarter of 2007, a drop of 6.1% compared to the year-ago quarter, and the average price for those sales dropped 2.5% year-over-year to $292,224. The homes sold had been on the market for an average of 137 days, compared to 104 for those sold in the year-ago quarter.
It's the second year in a row in which the first-quarter sales volume has fallen in NH, although prices have held steady over the past 2 years. In the first quarter of 2006, sales fell 8.1% compared to the year-ago quarter but prices actually rose 1.4%. Between the first quarter of 2005 and this year, prices rose 0.8%.
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