July Market: Price Up, Sales Down

August 12, 2021

July Market: Price Up, Sales Down

For only the second time in the last year, New Hampshire saw a drop in July residential unit sales compared to July 2020, this time a 15 percent decline – the largest dip since May 2020. Meanwhile, median price continued to soar in July, at $402,000 marking the third consecutive month above the $400,000 plateau and an 18 percent increase over July 2020.

View our one-minute video review of the July data here.

Other numbers of note in the July Monthly Market Indicators report:

• There were 1,737 homes on the market at the end of July, which is 40 percent below a year ago and the equivalent of 1.1 months’ supply (a balanced market is considered 6-7 months). The 1.1 months is just below the average supply number (1.2) over the past year in New Hampshire.
• Pending sales were down 10.8 percent, leaving it likely that August will show a second consecutive month of sales decreases.
• Average Days on Market – the time between a listing and an accepted offer – duplicated last month’s all-time low of 18 days.

For our detailed June 2021 market report, click here or download the attached PDF. For statewide and county level data from 1998 to 2020, click here.

Questions? Please email Communications Director Dave Cummings (dave@nhar.com), or call 603-225-5549.