This past year we continued to see rising prices and low inventory, making it challenging for buyers. The good news is that inventory has increased and closed sales for the year were up 3.6%. The number of homes for sale in NH in December was 1549 homes, up 7.9% compared to 2023. Not enough to accommodate the demand and the need for housing, but it’s a step in the right direction. With only a 1.4 month supply of homes to sell, it still is a seller’s market (a balanced market has a 4-6 month supply). Since demand exceeded supply, this pushed the median sales price of a home in NH to $514,000 – a 9.4% increase over 2023.

Looking closer to home, the combined sales for Newbury, New London, and Sunapee followed a somewhat similar trend. Sales were up 25% from the year before with 158 homes sold vs.126 in 2023. The average days on market was 34 days and the median selling price was $662,500, up 2.7% from 2023. 

Whether buying or selling, contact me to find out how low inventory and increasing buyer demand impact you.

Donna Forest M: 603-731-5151 donna@donnaforest.com Follow her on Facebook