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Updated · WMUR Manchester · Aug 15New Hampshire Home Prices Hit Record $580,000 in July as Sales Rise 10%
3 articles · Updated · WMUR Manchester · Aug 15Summary
- $580,000 was the median July sales price for New Hampshire single-family homes, setting a new record as the state's housing market kept climbing.
- More than 1,500 homes closed during the month, a 10% increase from a year earlier, showing demand remained firm even at record prices.
- Just under 3,000 homes were on the market in July, the highest inventory level since the COVID-19 pandemic.
- The mix of record prices, stronger sales and a larger supply suggests New Hampshire's housing market stayed highly competitive through midsummer.
Insights
Despite hitting a post-pandemic inventory high, why are New Hampshire home prices still shattering records at $580,000? With 90,000 new homes desperately needed, could unconventional solutions like tiny homes and commercial reuse save the market? Will controversial new zoning laws and ADU loopholes finally fix the severe housing crisis, or just strip local control?