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Business

March 6, 2014

BUSINESS BRIEFS

(Continued)

According to the report most visitor spending supports jobs in restaurants, grocery and convenience stores (39 percent), hotels, motels and B&Bs (27 percent), and other amusement and recreation (20 percent).

To download the report, visit nature.nps.gov/socialscience/economics.cfm.

Housing sales drop in January

New Hampshire residential unit sales dropped 13 percent in January, down from a strong January a year ago, but prices continued their upward trend, 14 percent higher for the month than in January of last year, according to data released recently by the New Hampshire Association of Realtors.

The 696 closed sales in January were a substantial drop from the 801 of a year ago, but even so it was the second best opening month since 2006. And the $220,000 median price was the highest seen in a New Hampshire January since 2009.

January sales volume, meaning the total dollars exchanged in the month’s transactions, saw an increase of over 9 percent.

Locally, only Grafton and Rockingham counties saw increased residential unit sales in January.

Six to nine months’ supply is the range typically cited as being a balanced market, while a larger number indicates a buyers’ market and lower numbers a sellers’ market. In recent years, the number has consistently been in the high teens, and as much as 20 in 2009.

January ended with 7.3 months’ supply of inventory.

New listings in January dropped by nearly 9 percent from the same period a year ago.

Condominium sales in New Hampshire, meanwhile, saw a similar trend in terms of sales and price, with unit sales down 5 percent but median price ahead by 17 percent, to $165,000, in January. Sales volume saw a 4 percent increase.

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