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NH Home Prices Increase Double Digits in May 2022

Some data points indicate a slowing real estate market, but real estate inventory remains low, and home prices keep rising in New Hampshire. According to the New Hampshire Realtors, single-family home sales declined 9 percent in May on a year-over-year basis and are off 17 percent through May. Rising interest rates and increasing home prices are two reasons for the slowdown in sales, but the lack of housing options may also be a factor. Single-family homes for sale dropped 10 percent in May to 1,589 statewide. The median price of a single-family home in May rose 14 percent to $460,000. Condominium sales declined in May, and so did the number of available units. The median condo price jumped 17 percent to $350,000.

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