The median price of a single family residential home in New Hampshire was $426,000 in October, a 12 percent increase from last year and the highest October price number in New Hampshire history.
The year to date median price for 2022 remains historically high as well. At $442,500 through the first 10 months combined, that's 14 percent higher than 2021, which had been the highest ever to that point.
Closed sales, meanwhile, were 12 percent below a year ago in October and 15 percent lower than year to date 2021. It marks the 16th consecutive month that sales have decreased compared to a year prior.
Housing inventory in New Hampshire, despite an increase from a year ago, remains scarce. The 2,102 single family residential homes for sale at the end of October is a 10 percent increase from a year ago, yet still only provides 1.7 months' supply of inventory. A balanced market is considered to be roughly six or seven months' supply.
Affordability, meanwhile, remained at an all-time low in October, with an index of 69, which means the state's median household income is just 69 percent of what is necessary to qualify for the median-priced home under prevailing interest rates.
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.
Questions? Please email Communications Director Dave Cummings (dave@nhar.com), or call 603-554-7855.