The year-end housing market report provided by NHAR

"The year-end median price of a single family residential home in New Hampshire was $514,000 in 2024, ending a year characterized by low inventory and record-low affordability.

NEW HAMPSHIRE MONTHLY INDICATORS

The $507,000 median price in December was the highest ever for the month and the 59th consecutive month of year-over-year price increases in New Hampshire.

As a result, the NHAR Affordability Index remained historically low in December, at 59. It means the median household income is just 59 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. Just five years ago in December, the Affordability Index was more than double that, at 131.

The number of homes on the market in the state increased modestly over the course of the year, and the 1,549 for sale at the end of December marked an 8 percent increase from a year prior. But that's still just 1.5 months' supply of inventory – meaning the time it would take to sell off the current housing stock at the most recent pace of sales – roughly a quarter of the 5-7 months that is considered a balanced market. It's been since October 2016 that New Hampshire had as much as 5 months' supply.

For NHAR's full slate of market data, including our Monthly Indicators report and detailed county- and town-level reports, visit our FastStats landing page. To create your own customizable and brandable market reports, visit NHAR's members-only InfoSparks page.

 Questions? Please email Vice President of Communications and Member Engagement Dave Cummings (dave@nhar.com), or call 603-554-7855."

Source: This was published by New Hampshire Realtors eNews on 1/27/2025. No link on website, so copy and pasted from email. For more information, visit: https://nhar.org/