The median price of a single-family home in New Hampshire reached an all-time high in May, continuing the state's unprecedented housing affordability challenges while underscoring the ongoing imbalance between supply and demand.
NEW HAMPSHIRE MONTHLY INDICATORS
The median sales price of a single-family home in May climbed to 576,000, surpassing the previous record of $569,000 set last June. The increase marked a 6.7 percent jump from May 2025.
“While New Hampshire has experienced strong home price growth for several years, it is unusual to see a new statewide price record established in May,” said 2026 NHAR President Josh Greenwald. “Historically, home prices tend to peak in June or July. If those seasonal trends continue, it’s likely we’ll see even higher median prices during the summer months.”
Despite rising prices, buyer demand remains strong. Closed sales edged slightly higher than May 2025, indicating that buyers continue to actively pursue homeownership opportunities even as affordability challenges persist.
Additional signs of market strength were evident in pending sales activity. Nearly 1,600 pending sales were recorded in May, marking the highest monthly total in four years and suggesting continued momentum heading into the summer market.
“The encouraging news is that buyers have not stepped away from the market,” Greenwald said. “Pending sales activity demonstrates that demand remains exceptionally strong, even as many households struggle with limited inventory, higher mortgage rates and rising prices.”
At the county level, Rockingham County also established a new record, with a median sales price of $717,500, the highest ever recorded for any New Hampshire county.
Housing inventory continues to improve modestly but remains well below historical norms. There were more than 2,400 single-family homes for sale statewide in May, compared to 2,156 during the same month last year. However, inventory remains significantly lower than pre-pandemic levels, when approximately 4,600 homes were on the market in May 2019.
The state's months’ supply of inventory remained essentially unchanged from a year ago at 2.3 months. Housing economists generally consider a healthy, balanced market to be between five and six months of supply.
“While inventory has improved from the record lows we experienced several years ago, New Hampshire remains far from a balanced housing market,” Greenwald said. “Until we significantly increase the number of homes available for purchase, affordability will remain a challenge for many Granite State families.”
For NHAR's full slate of market data, including our Monthly Indicators report and detailed county- and town-level reports, visit our FastStats landing page. To create your own customizable and brandable market reports, visit NHAR's members-only InfoSparks page.
Questions? Please email Vice President of Communications and Member Engagement Dave Cummings (dave@nhar.com), or call 603-554-7855.
