New Hampshire single-family and condominium home sale prices hit highs never seen before in 2020 according to a new report from The Warren Group, publisher of The Registry Review. 

December saw a continuation of the hot market that has marked the state’s real estate sector since the COVID-19 pandemic’s first, most acute phase subsided. In the last month of 2020, 1,390 single-family homes were sold statewide at a median sale price of $3325,500. Those figures represent an 18 percent and 13 percent jump over December 2019. By comparison, 512 condominiums were sold, up 17 percent year-over-year, at a median price of $260,000, a 21 percent jump on the same basis.  

However, the market was not able to overcome the deficit generated in the spring after government orders and consumer fears of COVID-19 kept many buyers and sellers at home and not transacting.  

Throughout all of 2020, only 14,597 single-family homes were sold, an 11 percent decline over 2019 and a level not seen since 2014 when the state was beginning its climb-out from the Great Recession.  

Condominiums sold better. Over the course of the year, only 5,234 condos were sold a 4 percent drop over 2019, the lowest yearly total since 2016. 

Median prices rose higher than ever, however, reflecting the skyrocketing demand generated by low interest rates, the pandemic focusing buyers’ minds, limited inventory and out-of-state buyers coming into the state from places like New York City. The 2020 median single-family sale price hit $320,000 and the 2020 median condo sale price hit $240,000, representing a 12 percent increase and a 14 percent increase over the prior year.