New Hampshire median home price climbs 10.3 percent

But sales rise only slightly, according to RE/MAX report


Published:

New Hampshire home sales in February rose by 0.5 percent, but the median home price jumped by 10.3 percent in the same period, according to a newly released report – the biggest increase in New England.

The RE/MAX of New England February Monthly Housing Report also found that pending sales in the Granite State rose by 2.2 percent from February 2014.

According to the report, there were a total of 819 home sales in the state in February, only four more than a year earlier. But the median price of $215,000 was $20,000 higher than the $195,000 median reported a year earlier.

Putting pressure on housing prices is the available inventory of homes, which dropped from 11,792 in February 2014 to 10,805 this year – a decrease of 8.3 percent.

In addition, days on market before sale fell from 129 a year ago to 111 this February.

For the region, year-over-year sales in February totaled 7,817, an increase of 2.1 percent. Pending sales were up 4.5 percent over February 2014, and median price rose 5.6 percent from a year earlier.

Across the region, homes are staying on the market an average of two days less than this time last year and pricing remains flat.

Edit ModuleShow Tags
Edit ModuleShow Tags