The New Hampshire Association of Realtors just released the January sales report. New Hampshire Trend - January 2022 sales are down, prices up.
Sellers' market at hand: January sales down, prices up
Indicators continue to point to a strong sellers' market after a New Hampshire January that saw a decline in unit sales, an increase in median price, and a marked drop in residential homes for sale.
Among the highlights:
- The 874 residential home sales in January represented an 5.6 percent decrease from those sold in January 2016.
- The $247,500 January median sales price was a 6.9 percent increase over 2016.
- The volume of closed sales, meaning the total dollars spent on New Hampshire home sales in January, was 0.8 percent higher than the 2016 volume.
- The number of homes for sale dropped by more than 2,300 units from January 2016 to 2017, going from 7,086 to 4,759, a decrease of 33 percent.
The New Hampshire Trend- January sales down, prices up is also showing in the Upper Valley. These trends continue to shadow what we see in the Hanover NH, Lebanon NH, Norwich VT, Hartford VT and rest of the Upper Valley towns. We currently are seeing low inventory; meaning the number of homes for sale is currently low. With low inventory we see prices creeping higher.