The supply of homes for sale in Windham New Hampshire is down to 138 in March 2009 vs. 146 a year ago, a 5.5% drop in inventory. The number of sold homes is up by 140% year over year, 12 vs 5 in March 2008. In the first three months of this year 22 single family properties were sold, compared to 18 in Q1 of 2008.
For sale (light green), sold (dark green) and pending (red) homes in Windham NH
The average list price has declined from $545,000 a year ago to $497,000 in March 2009, a nearly 9% decrease. Prices of sold homes have plumeted to $399,000 this year from $498,000 in March of 2008, a 20% drop in sold house prices in Windham NH. It appears that most of the buying activity is centered in the $370 – 400k range.
Average list price (green) and sold price (red) of Windham NH homes
The good news is the reduction in the number of months it would take to sell the current inventory at the current 12 / month rate (in March of 2009). Compared to a nearly 30 month supply in March 2008 and a staggering 39.7 month inventory in January of 2009, the current 11.5 months is a relief. The market is considered balanced at a 6 months inventory level, and it is judged to be a buyers market above that threshold.
Months of inventory of single family homes in Windham NH
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