When folks ask us, "How's the real estate market?" It's not a simple answer. There are many variables that go into that answer, and it comes down to "It depends." It depends on the town, pricing of course, the property's condition, and other considerations such as the neighborhood, zoning laws, insurance, utility, and real estate tax costs. However, overall, we can answer that the market is "good and getting better! 

The Growth is Slow and Steady for the NH Real Estate Market 

As the graphic below shows, the Median Sale Price in NH has continued to climb; however, the rate of 2.9% per year is right in line with over 75 years of historical increases. It is way down from the 12%-18% we saw in 2020-2022.  

Both sales volume and closed sales were down a bit in May, and I expect we will see the same results in June. This can be attributed to issues such as the Middle East conflicts, tariff uncertainty, and stubborn mortgage rates, which have been stuck in the 7% range. 

The most telling number above is the pending sales number, which shows an 18% year-over-year increase. This number reflects the fact that there is more inventory on the market, so Buyers have more options, interest rates have dropped to the 6.6% to 6.7% range, and the US economy continues to show signs of resilience. The job numbers are good, with real wages showing a 3.6% increase year-over-year through March. Although this needs to continue in order to help combat the affordability challenges we see, lower rates and higher wages are a solid start.  

As always, we love to answer your questions, including "How's the market?" Reach out to any one of our 70+ full-time Agents to ask your questions! See more in our Summer Buyers Guide. 

As the Broker/Owner of Badger Peabody & Smith Realty, Andy Smith has over 30 years of experience in the Real Estate Industry. In 2004, he was designated as a Certified Commercial Investment Member (CCIM), a recognized expert in the disciplines of commercial and investment real estate.