The number of single-family homes sold in New Hampshire in July dropped 11 percent compared to the same month last year, while the median sale price jumped by an equivalent amount, according to new data released by The Warren Group, publisher of The Registry Review.
There were 1,709 homes sold in July, compared to 1,918 sold in the same month in 2019. The median sale price for single-family homes sold in July of this year was $326,000, compared to $295,000 the year prior. That figure marks an all-time high for the statewide median sale price and follows reports from many corners of the state that fewer sellers have been willing to put their homes on the market while more buyers than normal have been hunting for homes.
Year-to-date, there have been 7,248 single-family homes sold in New Hampshire with a median price of $305,000. Those figures represent a 19 percent drop and an 8 percent increase year-over-year.
Similar trends were visible in The Warren Group’s statistics for condominium sales. July saw 546 units sold at a median price of $236,000, a 4 percent drop in number of sales and a 13 percent increase in median price from July 2019. Year-to-date there have been 2,577 homes sold with a median price of $233,000, representing a 15 percent drop and a 14 percent increase from the same time last year.
The strength of the interest rate-driven summer refinancing boom was also evident, with 3,940 refi mortgages worth $952 million closing in July, a 75 percent jump from last July by number and a 119 percent jump by volume. The number of purchase mortgages issued in July was down 4 percent year-over-year, to 1,625, with total volume up 7 percent to $504 million.