Sales volumes for both single-family homes and condominiums slump across the state.
PEABODY, July 22, 2019 – The median sale price for both single-family homes and condominiums spiked across New Hampshire last month on a year-over-year basis, setting records in the process, according to a new report from The Warren Group, publisher of The Registry Review.
Last month, there were 1,698 single-family home sales recorded in New Hampshire, a 12.7 percent decrease from June 2018 when there were 1,946 transactions. Meanwhile, the median single-family sale price rose 6.8 percent on a year-over-year basis to $299,000, which marked an all-time high for the state of New Hampshire. Year-to-date, there have been 6,938 single-family home sales – an 8.4 percent decrease from the first six months of 2018 – with a median sale price of $279,900 – a 7.7 percent increase on the same basis.
“The rising median single-family home price, coupled with reports of a shrinking inventory, is pushing the state deeper into a seller’s market,” said The Warren Group Associate Publisher and Media Relations Director, Cassidy Norton. “On the county level, the median home price increased in seven out of 20 counties, with the majority on the statewide increase driven by activity in Rockingham, Hillsborough, Merrimack and Strafford counties.”
In June, there were 538 condominiums sales, compared to 575 sales in June 2018 – a 6.4 percent decrease. Meanwhile, the median sale price rose 2.9 percent to $217,000 – the highest price ever recorded for condos. Year-to-date, there have been 2,470 condo sales – a 4.3 percent decrease – with a median sale price of $203,000 – a 2.9 percent increase from 2018.
“The New Hampshire June condo market followed trends similar to the single-family market,” Norton continued. “Inventories and new listings are down, which will continue to add upward pressure to the median sale price in the coming month, but prospective buyers may find some relief as the spring market winds down.”
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