Jgnet Real Estate Blog

Real estate experts have mixed views on the future of the New Hampshire Sea Coast real estate market.  The New Hampshire real estate market continues to offer a great buyer’s market, as many realtors have pointed out, yet the values of homes and median sales prices continue to steadily drop, suggesting that New Hampshire isn’t out of the real estate struggles that began as a result of the recession that began in the fall of 2008.  Despite increasing activity in the New Hampshire residential real estate, the commercial real estate market continues to be a major concern due to the sluggish activity and trouble that many landlords are having in finding tenants.  However, many real estate experts are hopeful that the extension of the federal home-buyer’s tax credit will help jumpstart the New Hampshire Sea Coast real estate market and help it rebound sometime in 2010 or 2011.

According to Seacoast Online, many real estate experts are uncertain of how soon the New Hampshire Sea Coast real estate will be ready to rebound.  Although the state of the region’s real estate fell into turmoil after the begin of the recession of 2008, many experts note that the region was already experiencing some real estate problems since 2007.  Over the past few months, the market has done little to offer an optimistic view of the future of the New Hampshire real estate.  Although home sales have increased slightly over the past few months, many houses are still declining in home value and many sellers are being forced to continue to lower prices in order to attract buyers.  The period between August and September showed a great increase in home sales by about 14 percent, but median prices during the same period declined by about 5 percent, reaching a level 22 percent lower than that of the previous year during the same period.  Experts have attributed the declines in median prices to foreclosures, short sales, a modest buyer pool, and an abundant inventory.

Seacoast Online has also reported that the region continues to struggle in terms of its commercial real estate market.  Realtors have noted that the supply of commercial real estate is well beyond the demand, leaving many landlords desperate to attract tenants.  Commercial real estate activity has been extremely slow over the past few month, but many experts believe that the commercial real estate market has hit bottom and should be ready to rebound in the coming months.  Experts also believe that the extension of the federal home-buyer’s tax credit will also help attract prospective home buyers to the market and pave the way for a recovery in the New Hampshire real estate market in the months to come.