July 1, 2023

The real estate market in New Hampshire has been experiencing consistent growth, with home values expected to continue rising in 2023. The median home price in New Hampshire in April 2023 was $435,300, up 7.1% compared to the previous year. However, the number of homes sold saw a decline of 24.7% year over year, with the median days on the market increasing to 32 days, a 12-day increase compared to the previous year. The availability of homes for sale has decreased, with a 30.6% decrease in homes for sale and a significant 50.9% drop in newly listed homes compared to the previous year. The average months of supply remained stable at 2 months, indicating a seller’s market​.

The level of competition in the housing market in New Hampshire has resulted in 54.9% of homes being sold below the list price, a decrease of 12.2 points compared to the previous year. The percentage of homes with price drops increased to 10.8% from 9.0% in April the previous year. The sale-to-list price ratio also experienced a decline of 2.7 points, reaching 101.6%​.

Looking ahead, home prices in New Hampshire are likely to continue increasing, albeit at a slower rate compared to the past year. The limited supply of homes for sale could result in more competition among buyers, leading to potential bidding wars. With the decrease in newly listed homes, sellers may have a greater advantage in negotiations and may be able to hold out for higher offers​.

Forecasts for various metropolitan statistical areas (MSAs) in New Hampshire predict positive growth in home values over the coming months and years, subject to various factors such as economic conditions, market dynamics, and local influences​.

I attempted to find specific data on the current national real estate market for comparison, but unfortunately, I encountered some issues and could not retrieve the exact information. However, it’s worth noting that as of April 2023, the median price of a home in the United States was $391,000, which is lower than the median price in New Hampshire. This suggests that New Hampshire’s real estate market might be hotter or more expensive compared to the national average.