Demographics & Housing Market Conditions
Home Values & Sales
ASSOCIATES INC
Average Days on Market
Source: MLS 2010-2019
Comparison of Existing Home Sales to New Home Sales
Source: MLS 2010-2019
$450,000 2010 i 35
$400,000 eeeeerrr—(tis‘“(:‘CSCSCS
$350,000 2012 is 42
$300,000
2013) i ;
$250,000 2014 a 3:
$200,000 5015 50
Pe
$150,000
2016 x is
$100,000
2017 i 11
§50,000
$0 2018 10
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019 SE 10
mw Existing Single Family New Single Family
0 10 20 30 40 50 60
SALES OF NEW HOMES ARE $100,000 MORE THAN EXISTING HOMES IN NASHUA. AVERAGE DAYS ON MARKET HAVE PLUMMETED SINCE 2010.
RKG defines a new home as one that was built and sold in the same year, and those houses are Since 2011, the average time it takes to sell a home in Nashua
selling at nearly $100,000 more than houses that already existed in Nashua. Interesting, the dropped 81% from a high of 53 days to a low of 10 days in 2019. For
price of a newly constructed home has hovered around $400,000 for the last ten years, while the newly constructed homes that number is even lower taking only 6
price of existing homes in Nashua continues to increase year over year. The demand for single- days to sell. In 2019 there were only 12 newly constructed homes sold
family homes and ownership opportunities in Nashua is driving up the price with average sales in Nashua likely creating the strong demand and extremely low days
prices jumping 19% since 2010. on market average.
Nashua Housing Study - 23
