As we glide into the fall selling season, the market continues to be strong and is growing on all fronts. For the first time in 2 years, the number of homes for sale increased. At the end of August, there were 2,346 homes for sale in NH, a 28.9% increase over a year ago. With increased supply, Buyers now have a better selection and see affordability improve as interest rates decline. Rates have dropped considerably, and now are in the mid 5% to low 6% range. Expect to see interest rates continue to drop, leveling off in the low 5% range.

Although the number of homes closed in NH continued its downward trend through July, the pending sales, or those properties that are under contract and headed to closing has increased 19% year over year. We expect this trend to continue as there is a pent-up demand for homes, and there just has not been the inventory to match.

With solid demand, increased inventory, and lower interest rates, the outlook for both Buyers and Sellers is quickly getting back to pre-pandemic levels, and that bodes well for all. As always, please don't hesitate to connect with any of our 65 full time professional Realtors® from any one of our 8 conveniently located offices for a confidential discussion of your local market, and how we can help in your journey for your next real estate transaction.