The New Hampshire spring housing market is showing clear signs of strength, with both rising home prices and a sharp increase in pending sales pointing to sustained demand heading into the summer.
NEW HAMPSHIRE MONTHLY INDICATORS
The median sales price for a single-family home in the state reached $560,000 in April, a 5.7 percent increase from the same month last year. That makes April the second-highest monthly median price in state history, trailing only June 2025 at $569,000.
As a result, affordability continued to remain at historically low levels. The NHAR Affordability Index was 56 for April (and a 12-month average of 58), meaning the state's median household income is just 56 percent of what is necessary to qualify for the median priced home. The Index was over 200 as recently as 2013, and was last over 100 in 2021.
At the same time, pending home sales surged 24 percent compared to last April, marking the largest monthly increase since 2020. Because pending sales reflect accepted offers that have not yet closed, this spike is a strong indicator that buyer activity is accelerating and could translate into higher closed sales in the months ahead.
“We’re seeing a market where demand remains very strong, even as buyers continue to navigate limited inventory,” said Josh Greenwald, 2026 NHAR President. “The increase in pending sales is an encouraging sign that more transactions are in the pipeline, but continued price growth also underscores how competitive the market remains.”
Closed sales in April totaled just over 729 transactions, down 8.6 percent year-over-year. However, that decline likely reflects market conditions from earlier in the year, potentially impacted by weather conditions, rather than the current surge in buyer demand reflected in pending sales.
Inventory showed improvement but remains historically constrained. New listings rose 19 percent, and the total number of homes for sale increased 18 percent, with both reaching their highest April levels since 2020.
Even so, inventory remains far below historical norms. There were 1,966 homes for sale in April 2026, compared to 7,286 in April 2016 — a 73 percent decline over the past decade.
Months’ supply of inventory held steady at 1.8 months, well below the 5 to 6 months typically considered a balanced market.
Demand remains strong, with homes continuing to move quickly. The average days on the market days, nearly unchanged from a median of 7 days on the market last April.
“The combination of rising prices, an increase in new listings and a sharp increase in pending sales underscores a market where demand remains robust and competition for available homes continues to drive activity,” said Greenwald. “The lack of single-family inventory is still significant, but we are definitely seeing more homes on the market than in recent years.”
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Questions? Please email Vice President of Communications and Member Engagement Dave Cummings (dave@nhar.com), or call 603-554-7855.
