The New Hampshire residential housing market again showed an increase in both unit sales and median price in September and third quarter 2017, with median price inching closer to the high water mark of 2005.
Among the statewide highlights:
- Median price, single family homes: September 2017 was ahead of 2016 by nearly 4 percent, and the third quarter number was ahead of last year by 5.4 percent. The $265,000 year to date (January through September) statewide median price is ahead of last year by 6 percent and nearing that $270,000 high point of 2005.
- Unit sales, single family homes: September 2017 saw an increase over September 2016 by 1 percent, and the third quarter was ahead by nearly 2 percent. Year to date, 2017 is behind by just 0.3 percent from last year, in which New Hampshire saw the most single family home sales (17,567) in its recorded history.
- Days on market, single family homes: The amount of time it takes to sell a single family home in New Hampshire continues to drop, as September saw a better than 37 percent decrease from last year, and year to date the average days on the market went from 84 through the first nine months in 2016 to 68 in the same period this year.
- Months’ supply at the end of September was 4.3 months (the amount of time it would take to sell off the current inventory at the average pace of sales, if nothing else came on the market). This is the lowest September in at least a decade and speaks to the continued sellers’ market.
- Year to date sales volume (total dollars exchanged in purchase of single family homes) is up more than 16 percent over year to date last year, the highest dollar volume in our history.
The New Hampshire REALTORS market report includes 10 different categories and historical data going back to 2006, as well as county-level data. Also included below is the long-term statewide data, dating back to 1998.
- For the complete September 2017 report, click here.
- For the third quarter 2017 report, click here.
- For statewide and county level data from 1998 to 2016, click here.
If you have questions, please contact NHAR Communications Director Dave Cummings at dave@nhar.com or 603-225-5549.