We’re halfway through 2025, making it the perfect time to take stock of what’s been happening in NH’s real estate scene.
Home prices are up 5.9% year-to-date thru June, with themedian sale price at $535,000—up from $505,000 in 2024. Homes are taking a bit longer to sell, averaging 31 days on the market, but most are still going for full asking price. There’s also been a small bump in sales: 5,055 homes sold through June, slightly up from 5,008 in 2024. But the most interesting development? Inventory is rising - new listings jumped 19% in June and the total number of homes for sale is up a striking 25.5%. That’s good news for buyers, who are finally seeing more choices and a little more negotiating power. Still, affordability remains a real hurdle, with high home prices and mortgage rates hovering just below 7%. Despite more listings, the state still only has a little over two months’ worth of inventory—a key metric that keeps New Hampshire solidly in a seller’s market.
It's a similar story zooming in on our local market of 8 towns. Sales are up slightly, the median price jumped 10%, reaching $550,000, up from $500,000, and most homes are selling for their asking price. Right now, there are just 84 homes for sale across the 8 towns. In speaking with local agents, many are feeling our local market is softening a bit. Properties are taking longer to sell, and we are seeing more price reductions.
Contact me to see how the market may impact your buying or selling goals.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
1024 Lake Avenue, Slip #49, Sunapee, NH 03782 | Offered at $359,000 | MLS #5049731
For More Information Contact:
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Marilyn KidderListing BrokerO 603-526-4116
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3008 State Route 114, Bradford, NH 03221 | Offered at $849,999 | MLS #5049228
For More Information Contact:
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Donna ForestAssociate BrokerM 603-731-5151
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157 Seamans Road, New London, NH 03782 | Offered at $998,000 | MLS #5047145
For More Information Contact:
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Marilyn KidderListing BrokerO 603-526-4116
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1024 Lake Avenue, Slip #13, Sunapee, NH 03782 | Offered at $275,000 | MLS #5042265
For More Information Contact:
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Marilyn KidderListing BrokerO 603-526-4116
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Every buyer wants to purchase at a great price and a low mortgage rate as that is a major factor in the monthly cost. Here’s how today’s buyers are being impacted:
Price – Based on a home price expectation survey released by Pulsenomics on April 15, more than 100 housing experts predict a 3.4% annual gain in US home values for 2025. Values are forecasted to increase 3.3% in 2026. The Fannie Mae survey expects that home prices will rise at least through 2029.
Mortgage Rates – The average fixed 30 yr. rate is 6.88% this week, according to Bankrate’s latest lender survey. Experts project rates could be in the mid-to-low 6% range by the end of the year as greater uncertainty unfolds in the economy.
If you're holding off on buying a home, hoping mortgage rates will drop, it's important to also consider where home prices are headed. Experts expect prices to keep rising — which means waiting could end up costing you more, even if rates improve. Buying now lets you start building equity sooner and take advantage of today’s market before prices climb higher.
Contact me if you would like expert advice on buying in today’s challenging market.
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Donna ForestM: 603-731-5151donna@donnaforest.com Follow her on Facebook |
Single Family Residentials
Closed Sales: 240
+5.3% compared to Q1-2024
Median Sales Price: $485,000
+7.8% compared to Q1-2024
Days on Market: 35
+25.0% compared to Q1-2024
Condos
Closed Sales: 64
+28.0% compared to Q1-2024
Median Sales Price: $347,500
+10.3% compared to Q1-2024
Days on Market: 39
+25.8% compared to Q1-2024
Current as of April 5, 2025. All data provided by NHAR.
Whether you are buying or selling, we are the local experts… experienced agents who listen to our clients and know our marketplace. Our goal is to ensure that your real estate experience with The Best Team in Town surpasses all expectations! Get in touch! We’d love to make YOU our next success story!