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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.
View Dave Cummings’ review of the May data here.
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.
For our detailed May 2021 market report, click here. 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.