We’re still seeing March numbers along with April market numbers arriving, and we’re taking a look at them for your New Hampshire Market Report. Data in the report is based on the most recent information in the Regional Multiple Listing Service. Questions? Reach out to our staff at the New Hampshire branch, 603-371-8082
Median Sales Price
In April, the overall median sales price of single-family homes in New Hampshire was up 9.2% over April 2017, at $284,000. The median sales price of condominiums reflects a similar upward trend, with the median sales price in April 2018n at $212,000, an 18.1% increase over April 2017.
Reflecting other regions nationally, New Hampshire’s single-family market segment is experiencing a slight seller’s advantage, with demand high and inventory low. As of April 2018, New Hampshire has 2.8 months of single-family home inventory, a 28.2% decrease over April 2017. The condominium market is also showing a slight seller’s market, with very low inventory – only a two month supply as of the end of April 2018, a 39.4% decrease over the same time period. According to the New Hampshire Association of Realtors, the market is still quite robust and business is brisk, as seen by the stats on days on market, which continues to drop – 75 days on average for single-family homes, and 60 days on the market for condominiums.
U.S. foreclosure activity as of April 2018 was .05%, which has held steady since February. The New Hampshire foreclosure rate is below the national average. According to RealtyTrac, the number of Vermont properties receiving a foreclosure filing in April was 4% higher than the previous month and 29% lower than the same time the previous year.
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