New Hampshire Overview

The NH housing market began to normalize after nearly two red-hot years.

Limited inventory remained a major driving factor, and the total number of units sold was down by 17% across the state. However, the average sales price increased by 16%, and the average days on market decreased by 21%.

The hottest markets in New Hampshire continued to be in and around Manchester and throughout southern portions of the state. These higher population centers saw no reprieve from inventory scarcity and, as a result, continued to drive up prices. Additionally, the influx of out-of-state buyers in the Lakes Region and Lake Sunapee Region remained steady and there was continued and strong demand in the Upper Valley.

Moving into 2023, the majority of headlines on a national level are predicting a downturn in the housing market. However, we have not seen that swift downturn of activity in our area. Yes, the market has begun to normalize, but we anticipate that buyer demand will still be strong, inventory will continue to be tight, and pricing will stabilize. Pricing appropriately for Sellers will become of the utmost importance in order to sell in a timely manner.

Now more than ever, you need an experienced real estate professional to guide you through this ever-changing market.