As we move further into 2025, New Hampshire’s real estate market is showing signs of both strength and shift. Despite national headwinds—rising interest rates, affordability concerns, and economic uncertainty—our local market remains resilient, particularly in the single-family home segment.
Here’s a closer look at the numbers, trends, and what they mean for buyers, sellers, and investors this spring.
Source: NHAR
Sales Stay Strong Despite National Cooling
Nationally, existing-home sales fell nearly 5% from the previous month, hitting a seasonally adjusted annual rate of 4.08 million units. In New Hampshire, however, single-family closed sales were up 5.0% compared to February 2024. This marks the fourth consecutive month of year-over-year gains, even as affordability challenges persist.
The total sales volume for single-family homes increased by 10.5%, signaling that demand remains solid—especially for well-located and move-in-ready properties.
Median Home Prices Continue to Rise
The median sales price for a single-family home in New Hampshire hit $510,000 in February, representing a 7.4% increase year-over-year. Townhouse and condo prices also inched up slightly to $380,000.
Price appreciation continues to be driven by limited inventory, high demand in key areas, and the lack of substantial new housing supply. For sellers, this remains a favorable environment—especially if the home is well-maintained and priced correctly.
New Listings Are Slipping
One of the most notable trends is the decline in new listings. Single-family new listings fell 11.3%, and townhouse-condo listings were down 6.2% from this time last year. Homeowners appear hesitant to sell—likely a result of current interest rate conditions and the reluctance to part with lower-rate mortgages secured in previous years.
This ongoing shortage continues to limit buyer options, maintaining upward pressure on prices.
Homes Are Spending More Time on the Market
While demand is still there, buyers are clearly being more cautious. The average days on market increased by 12.8% for single-family homes and a significant 33.3% for condos. Many are taking more time to shop around, run the numbers, and secure financing. The era of frenzied, over-asking bids may be behind us for now—at least for properties that aren’t move-in ready or priced aggressively.
Inventory is Slowly Building
There is some positive news for buyers: inventory is finally starting to grow. The months supply of inventory rose 7.7% for single-family homes and 22.9% for condos. While inventory still remains historically low, these increases suggest a slight shift toward a more balanced market—particularly in the condo segment, where supply is building and pending sales have declined.
What to Expect This Spring
Looking ahead, here are a few key takeaways:
- For Buyers: Expect more listings to hit the market as we move into the spring season. You may have more negotiating room than in recent years, especially on condos. But keep an eye on interest rates and act quickly when the right opportunity comes up.
- For Sellers: Single-family homes are still moving, but pricing and presentation matter more than ever. With homes sitting longer, preparation and accurate pricing will make all the difference.
- For Investors: Condos may present buying opportunities in the months ahead. Rising inventory and declining pending sales suggest some sellers may become more flexible on price.
Final Thoughts
The New Hampshire real estate market remains active and competitive, but we’re beginning to see signs of normalization. It’s not a buyer’s market yet—but it’s no longer the overheated seller’s market we saw a year or two ago. Smart strategy, timing, and a strong local understanding will be key as we head into the spring season.
If you’re looking for guidance—whether you’re buying, selling, or investing—this is the time to get connected with a team that understands where the market is headed and how to help you succeed in it.
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