March 9, 2021
New Hampshire February market report:
Price and inventory trends continue
Not much has changed over the past month in the New Hampshire residential housing market, as inventory remains at a record low and prices are still at a record high, based on the February report.
The number of homes on the market at the end of February was 1,062, the lowest in the NHAR records, which date back to 2005. By comparison, just last February there were more than three times as many single family residential units (3,215) on the market, accounting for a 67 percent drop year over year. And for the second consecutive month, the months’ supply of inventory — the number of months it would take to sell off current inventory at the average rate of sales for the last 12 months — was at 0.7 months, or just about three weeks.
With inventory so low, prices continue to increase, to an all-time single-month high of $357,400 in February — a 23.5 percent jump from a year ago. New Hampshire homes stayed on the market for an average of 42 days in February, 48 percent lower than a year earlier.
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