NEW HAMPSHIRE
Home Sales Up, Average Price Up
Home sales are up 6.1% year over year, with December 2024 at 1,338 compared to 1,261 last December. Sales are up across all categories.
- Single families: 898 (2023) | 950 (2024)
- Condominiums: 292 (2023) | 302 (2024)
- Multi-families: 71 (2023) | 86 (2024)
Average sale price increased by 15.5% when compared to last December, now at $597,488. Prices increased for all categories.
- Single families: $541,3636 (2023) | $624,255 (2024)
- Condominiums: $454,535 (2023) | $512,872 (2024)
- Multi-families: $475,035 (2023) | $598,944 (2024)
Homes Listed For Sale:
The number of homes listed is down by 0.6% when compared to December 2023.
- 2024: 772
- 2023: 777
- 2022: 787
Pending Home Sales:
The number of homes placed under contract is up by 0.9% when compared to December 2023.
- 2024: 1,020
- 2023: 1,011
- 2022: 930
Data provided by PrimeMLS then compared to the prior year.
What’s Happening in the Market?
- In December 2024, national home sales climbed 9.3% compared to a year ago, marking the biggest year-over-year gain since June 2021. Following this trend, New Hampshire also saw an increase in home sales.
- The New Hampshire housing market in December demonstrated significant strength compared to 2023, with home sales, average sale prices, and pending transactions all on the rise. Despite this, new listings have declined, leading to reduced inventory and heightened competition among buyers. For homeowners considering selling, this winter offers a prime opportunity to earn top dollar, as motivated buyers are competing for fewer available properties.
- According to Mortgage Daily News, mortgage rates in December started in the high 6s and hit their lowest point of the month at 6.68%. By month’s end, rates were back around 7% and showing signs of further increases heading into January.
- The 2025 housing market kicks off with low inventory and mortgage rates. Following record-low inventory in 2023 and cautious sellers in 2024, competition remains high this year. Buyers will need to make competitive offers. Having a trusted REALTOR® by your side can help you stand out in this competitive market.
- We anticipate a transitional period as presidential power shifts, and like most new administrations, the initial months may bring some turbulence. This could create volatility in the stock market, potentially driving interest rates lower.