New Hampshire home prices continue to rise as inventory plummets

June sales fell 11.8%, but median price stood at $330,000

Home InventoryThe number of sales of single-family homes in New Hampshire continued to fall in June – along with the number of homes available on the market – but the median sale price continued to rise, according to data from the New Hampshire Association of Realtors.

According to the Realtors, June closed sales were down 11.8% year over year and listings were down 16.7%. In addition, the months supply of inventory fell 51.4%, down from 3.7 months in June 2019 to 1.8 months this June.

Sale prices, however, continue to rise, with the median rising 4.8% year over year, from $315,000 in June 2019 to $330,000. And sellers were getting an average 99.1% of their asking price, up from 98.9% a year earlier.

The picture was pretty much the same for condos. One difference was new listings, which didn’t drop by double digits, although they were down 5.1%. And months supply of inventory fell sharply, dropping 1.6 months in June from 2.4 months in June 2019 – a 33.3% decrease.

The median sale price was up 11.7%, to $249,850, for condo properties.

Categories: News, Real Estate & Construction