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July 2023 New Hampshire Single Family Market Update

Corina Cisneros

Licensed Real Estate Associate Broker/Owner (9 years experience)SpecialtiesBuyer's agent and Listing agent, Waterfront, Luxury, Single Family, New Con...

Licensed Real Estate Associate Broker/Owner (9 years experience)SpecialtiesBuyer's agent and Listing agent, Waterfront, Luxury, Single Family, New Con...

Aug 8 3 minutes read

In New Hampshire, Home Sales Down, but Home Prices Barely Flinch

Mortgage Rates and Homebuying Affordability Impact Nationwide Sales: The U.S. real estate scene is feeling the heat this summer as high mortgage rates and affordability issues affect buyers' decisions, causing a 3.3% decrease in existing-home sales month-over-month, as highlighted by the National Association of REALTORS® (NAR) 📉. The recent surge to nearly 7% in mortgage rates has deterred many prospective homeowners, while those enjoying lower rates from years past are holding back from listing their properties.

Notable Decreases in New Listings and Inventory Across New Hampshire: While new listings (-21.9%), pending sales (-8.2%), and inventory (-28.3%) decreased year on year, median sales price (+6.7%) and days on market (+18.8%) increased year on year across the state 🏘️. The tight supply heading into July, the lack of inventory boosted competition among buyers and put upward pressure on sales prices.

Belknap and Carroll Counties Market Updates: In Belknap County, we recorded 90 closed sales, with a median sales price of $502,525 and a sales volume of $57.5 million. Meanwhile, Carroll County witnessed 70 closed sales, with a median sales price of $426,000 and a sales volume of $44.3 million 🏡.

NH Median Sales Price

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

NH Median Sales Price July 2023

NH Days on Market

Average number of days between when a property is listed and when an offer is accepted in a given month.

NH Days on Market July 2023

July Market Update for Belknap County

90

Closed Sales

$502,525

Median Sales Price

$57.5M

Sales Volume

16

Days on Market

94

Pending Sales

July Market Update for Carroll County

70

Closed Sales

$426,000

Median Sales Price

$44.3M

Sales Volume

34

Days on Market

85

Pending Sales

July Market Update for Hillsborough County

299

Closed Sales

$501,000

Median Sales Price

$168.6M

Sales Volume

17

Days on Market

332

Pending Sales

July Market Update for Merrimack County

126

Closed Sales

$450,000

Median Sales Price

$65.7M

Sales Volume

14

Days on Market

136

Pending Sales

July Market Update for Rockingham County

203

Closed Sales

$608,500

Median Sales Price

$152.8

Sales Volume

14

Days on Market

241

Pending Sales

July Market Update for Strafford County

90

Closed Sales

$465,500

Median Sales Price

$48.1M

Sales Volume

12

Days on Market

120

Pending Sales

Have any questions about the state of the market? Don't hesitate to reach out at 603-273-6160

Curious about how your home's value has changed?

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