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Saturday, September 21, 2013

Number of home sales, median price, keep rising in Nashua

More homes were sold for more money in Nashua last month than the same time a year ago as the region’s housing market continues to heat up.

According to real-estate data, 99 homes and condos were sold in Nashua in August, compared with 84 in August 2012. They sold for a median price of $231,750, a hefty 18 percent higher than the 2012 median price of $196,250. ...

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More homes were sold for more money in Nashua last month than the same time a year ago as the region’s housing market continues to heat up.

According to real-estate data, 99 homes and condos were sold in Nashua in August, compared with 84 in August 2012. They sold for a median price of $231,750, a hefty 18 percent higher than the 2012 median price of $196,250.

Median prices are those in which half the sales are for more money and half are for less.

Just as significantly, the number of days that homes were on the market before being sold plummeted from an average of 77 days in 2012 to just 45 days this August, according to a report issued by Re/Max of New England.

The report included all sales, not just those involving Re/Max agents.

The pattern was similar all over the region. New Hampshire sales were up 17 percent year-to-year, with prices up 9 percent; Massachusetts sales were up 11 percent, with the median price up 8 percent; and overall New England sales increased almost 9 percent.

“Year-over-year, home sales are still trending up, while month-over-month activity shows the New England market slowing down a bit,” said Dan Breault, executive vice president and regional director of
Re/Max of New England.

“This seasonal activity is normal as families settle in before school starts.”

Nationwide, home sales this summer have been at their highest since May 2008, when the recession hit.

Housing construction remains below pre-recession levels, according to national data, which is helping to drive up the price of existing homes.