The good news is that new listings are up 10.9% statewide. NH sales thru Aug. 2024 increased 2.5% compared to the same time in 2023 however the median sales price is up 10.9% at $515,000. Houses are basically selling at 101% of their asking price with an average of 27 days on the market.

A more local snapshot, which includes 9 towns in our area, shows that sales jumped 23% thru August compared to the same time in 2023. The median sales price is $530,000 (up 8% from 2023). Homes are on the market an avg. of 32 days and are selling at asking price.

Lawrence Yun, Chief Economist for the Nat’l Assoc. of Realtors said “Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” He also said “Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.” This essentially mirrors our local market as we are seeing more price reductions than we’ve seen in a long time. 

Whether buying or selling, contact me if you’d like to make an informed decision on your next move.

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