Only 9,770 single-family homes sold statewide in 2023, the fewest since 2011 when 9,649 changed hands.
That’s according to data from The Warren Group, publisher of The Registry Review.
It also a nearly 14.7 percent decline from 2022’s sales total of 11,460 – itself a 19.4 percent drop-off from 2021’s sales total of 14,227.
Since 2010, New Hampshire has averaged 13,986 single-family sales per year.
The statewide median single-family sale price closed out 2023 at $440,000, a 5 percent increase over the year before. It’s the first time since 2020 that the median single-family sale price did not grow by a double-digit percentage and a significant drop from the nearly 11.7 percent year-over-year growth seen between 2021 and 2022.
It’s also the smallest percentage growth in the median sale price since 2018, when the median home sale price closed the year at $265,000, a 4.6 percent increase over 2017.
Meanwhile, The Warren Group data shows 3,299 condominiums traded in 2023, a 12.9 percent drop from the year before, the third straight year of double-digit percentage declines and the fewest condo sales in any year since 2011.
The median condo sale price hit $365,000 last year, a 14 percent jump year-over-year and the fourth year in a row of double-digit percentage increases in this figure.
The combined volume of single-family and condo sales fell to $6.5 billion last year, The Warren Group data shows, an 8.75 percent decline over 2022 and the second year in a row of declines. It’s the smallest combined sales volume since 2016.