The real estate news isn’t all grim for February. Remember, real estate is very much local! Yesterday the New Hampshire Union Leader reported that homes sales in our Granite State increased 7.4% in February, contrasting sharply with the National Association of REALTORS® announcement the other day that existing home sales had dropped 9.6% nationally. The median selling price of homes did fall 7.5% for the month, however. The New Hampshire Association of Realtors news release pointed out that year-to-date sales for January and February were 5% ahead of last year’s. Seven of the state’s ten counties saw numbers of sales increase in February. NHAR President Tom Riley said, “I don’t think it’s a stretch to say that the housing market appears to be stabilizing.”

So, remember, check with your local REALTOR® for your area’s statistics. Don’t assume that a glum report nationally accurately reflects the activity in your area!