Home Prices Rose 6 Percent in August

The statewide median home sale price rose last month even as fewer and fewer homes sell.

Data from The Warren Group, publisher of The Registry Review, shows that 1,159 single-family homes sold last month, a 17 percent drop from August 2022.

Those homes’ median sale price: $450,000, a 6 percent increase over the same period as buyers continued to outnumber sellers in a steadily shrinking marketplace.

Year-to-date, 22 percent fewer single-family homes have sold across New Hampshire this year compared to the same Jan. 1-Aug. 31 period last year. The year-to-date single-family median sale price is up 6 percent on the same basis.

The New Hampshire Association of Realtors reported in June, when many of the home sales that closed in August likely went under agreement, that total single-family inventory had dropped to 1,644 homes across the Granite State, a 23 percent drop on a year-over-year basis during a month that not infrequently provides the high-water mark for the year.

In its August report, the association said single-family inventory was still substantially down year-over-year, to 1,800 homes for sale statewide, but numbers of new listings were only off 9 percent on the same basis.