The median price for single family residential homes in New Hampshire hit $540,000 in May, equaling June of 2024 as the highest ever in the state for a single month. It's the 64th consecutive month of year-over-year price increases in New Hampshire.
NEW HAMPSHIRE MONTHLY INDICATORS
Meanwhile, the NHAR Affordability Index dropped to its lowest point in a year and remained below 60 for the sixth consecutive month, at 55, meaning the state's median household income is just 55 percent of what is necessary to qualify for the median-priced home under today's interest rates. By comparison, the Index has been as high as 200 as recently as 2013, and was last over 100 in 2021.
Additionally, the National Association of Realtors recently released a study showing affordability based on income level (scroll down to see NH in this PDF). Among other things, it shows that in this market, families earning $100,000 can afford only 19 percent of the homes for sale. In a balanced market, that number would be nearly 52 percent.
Low housing supply remains the primary driver of ongoing price increases. Despite the third consecutive month of a more than 20 percent increase in inventory compared to 2024, New Hampshire still has only 2.1 months’ supply of inventory, meaning the amount of time it would take to sell off the current housing stock at the current rate of sales. With 5-7 months’ supply generally considered a balanced market, it's been well over eight years (October 2016) since the last time we saw even the low end of that benchmark.
At that time, the state had over 7,300 single family residential homes on the market. There were 2,118 at the end of May 2025, a 71 percent decrease.
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.