New Hampshire housing prices continue to remain at an all-time high as median sales in November sat at $500,000 – an 11 percent increase from this time last year.
Perspective home buyers won’t be surprised that this was the most expensive November to buy a house in the state’s history, according to the New Hampshire Association of Realtors.
High prices are coupled with a continued low inventory of houses, with just under 2,000 properties for sale at the end of October.
A balanced housing market is measured by five to seven months of inventory – the time it would take to sell off current housing stock at the most recent pace of sales. The last time the market was at this pace was in October 2016, with the recent pace of sales at almost two months of inventory.
For nearly the last five years, single-family home prices have continued to increase year over year. November marked the 58th consecutive month.
In Merrimack County, prices remained just below state averages, with 130 sales for a median price of $475,000. The most homes sold in Concord – 33 for a median sales price of $415,000 – while sales in surrounding towns remained in the single digits.
These articles are being shared by partners in the Granite State News Collaborative. For more information, visit collaborativenh.org.
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