June 15, 2021
May Market Report: Median Price Milestone
Driven by a continuing trend of historically low inventory, the median price for single family residential homes crossed the $400,000 plateau for the first time in New Hampshire history, landing at $402,000 in May – a 26-percent increase from a year ago.
Other numbers of note in the May Monthly Market Indicators report:
- May marked the sixth consecutive month of one month or less supply, and the 1,517 homes on the market is a 54 percent drop from May 2020.
- It was the 11th consecutive month of 100 percent or higher percent of list price received, and 104 percent marked the highest number in NHAR’s records – dating back at least 16 years.
- Despite affordability nearing an historic low in New Hampshire, pending sales saw a 4.4 percent increase in May, in contrast to a national trend of declining pending sales.
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