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June 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...

Jul 10 3 minutes read

USA Experiencing Limited Inventory and Higher Costs: The housing market in the US is cooler than usual due to low inventory and increased borrowing costs, which have risen by 20.4% compared to last year, as reported by the National Association of REALTORS® (NAR) 📉. Fluctuating mortgage rates and low inventory levels have affected home sales during the summer season.

New Listings & Pending Sales Decrease in New Hampshire: New listings for single-family homes have dropped by 26.6%, while townhouse-condo properties have seen a decrease of 3.8%. However, there has been a 6.2% increase in new listings for townhouse-condo properties 🏘️. Pending sales have decreased by 10.2% for single-family homes and 3.9% for townhouse-condo properties. This suggests a slowdown in the number of homes going under contract.

New Hampshire Sees Median Sales Prices Rise: The median sales price has increased by 7.6% to $495,000 for single-family homes and 14.3% to $400,000 for townhouse-condo properties 📈. This indicates that home prices have gone up in the region.

Longer Time on Market in New Hampshire: Homes are staying on the market for a longer duration, with a 53.8% increase in days on market for single-family homes and a 33.3% increase for townhouse-condo properties⏰. This means it may take more time to sell a property.

Belknap and Carroll Counties Market Updates: In Belknap County, we recorded 86 closed sales, with a median sales price of $494,750 and a sales volume of $83.5. Meanwhile, Carroll County witnessed 90 closed sales, with a median sales price of $465,000 and a sales volume of $60.1 🏡 .

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 June 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 June 2023

June Market Update for Belknap County

86

Closed Sales

$512,500

Median Sales Price

$83.5M

Sales Volume

33

Days on Market

100

Pending Sales

June Market Update for Carroll County

90

Closed Sales

$494,750

Median Sales Price

$60.1M

Sales Volume

31

Days on Market

88

Pending Sales

June Market Update for Hillsborough County

385

Closed Sales

$503,000

Median Sales Price

$212.7M

Sales Volume

12

Days on Market

350

Pending Sales

June Market Update for Merrimack County

135

Closed Sales

$475,000

Median Sales Price

$69.6M

Sales Volume

13

Days on Market

159

Pending Sales

June Market Update for Rockingham County

229

Closed Sales

$602,000

Median Sales Price

$221.0

Sales Volume

20

Days on Market

285

Pending Sales

June Market Update for Strafford County

112

Closed Sales

$462,500

Median Sales Price

$56.9M

Sales Volume

14

Days on Market

101

Pending Sales

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