May Housing: Inventory Down, Prices Up

June 10 2020

Inventory continues to drop in May

May single family residential home sales in New Hampshire were down by 25 percent compared with May a year ago, and the main driver of the sluggish sales pace – inventory – was down by 40 percent, as sellers continue to hesitate while the pandemic plays out. As many have predicted, pricing remained strong in May – up 6.6 percent over May 2019 at $319,900, and it was in fact the second highest median price for a single month in New Hampshire history, second only to April 2020.

All the May market data details can be found here. As always, all of NHAR’s market data can be found on the website here.

For more information on issues pertaining to the impacts of coronavirus on the real estate industry, we encourage members to visit our dedicated webpage for the latest news and resources.