August 25, 2017
July: Unit sales lag, prices continue up
The New Hampshire residential housing market showed a slight decrease in unit sales and yet another uptick in median price, compared to July 2016.
Among the statewide highlights:
- Closed sales: There were 1,826 residential closed residential sales in July, marking a 1.7 percent drop from a year prior. In the first seven months combined, there have been 9,505 residential sales in the state, a 2 percent drop from 9,695 year to date in 2016.
- Median sales price: Those July residential transactions sold for a median price of $269,950, up more than 5 percent from July 2016. Year to date, the median price is at $265,000, an 8 percent increase.
- Days on market: In this sellers’ market, the days on market continued to drop in July, to an average of 51 days, 26 percent lower than a year ago. Year to date, the average days on market is 72, 14 percent below the first seven months in 2016.
- Inventory: There were 6,644 residential homes on the market at the end of July, a 22 percent decrease from July 2016. That meant a 4.5 months’ supply, the lowest July in at least 12 years and 24 percent lower than a year ago. New listings, on the other hand, marked a slight uptick from last month, with 2,318 new single family homes on the market in July, compared with 2,264 in July 2016.
The New Hampshire REALTORS market report includes 10 different categories and historical data going back to 2006, as well as county-level data. Also included below is the long-term statewide data, dating back to 1998.
- For the complete July 2017 report, click here.
- For past monthly reports, click here.
- For statewide and county level data from 1998 to 2016, click here.
If you have questions, please contact NHAR Communications Director Dave Cummings at dave@nhar.com or 603-225-5549.