LACONIA — According to data compiled by the city's Assessing Department the local housing market has been marked by rising sales but falling prices as well as a growing number of foreclosures in 2012.
After bottoming out at 242 in 2009 and 2010 home sales have risen for the second consecutive year, from 264 in 2011 to 282 in 2012. At the same time, the average sales price recorded its steepest drop since 2008/2009, when it fell from $208,193 to $196,894, or by 5.4-percent, falling from $196,318 to $183,101, a drop of 6.7-percent.
Foreclosures, after dipping from 75 in 2010 to 64 in 2011, have shot up to 93 in 2012. By increasing the inventory of homes on the market, the rise in foreclosures is contributing to declining sales prices.
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