Market Overview At A Glance

Upper Valley

The Upper Valley region housing market was relatively quiet in Q1 2023 as the market started to return to a more traditional selling period in the Spring/Summer.

Limited inventory remained a major driving factor, and the total number of units sold was down by 49.4% across the Upper Valley region. Additionally, the average sales price decreased by 40.1%, and the average days on market decreased by 51.2%.

The hottest markets in the Upper Valley in terms of activity included Hanover, Woodstock, Norwich, Haverhill as these markets saw no reprieve from inventory scarcity and, as a result, continued to drive up prices. There is a full breakdown by state and town in this report for more details at a local market level.

Moving into Spring/Summer 2023, we have begun to see a slight uptick in listings coming on the market. The market will continue to normalize, but we anticipate that buyer demand will continue to be active, driven by limited inventory and that pricing will continue to 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.