Market Update: What’s Ahead for New Hampshire Real Estate?

If you’re planning to sell your New Hampshire home, you’re in luck—New Hampshire is still in a hot seller’s market. And as we reach the end of summer, the housing market here is showing interesting trends that both buyers and sellers should be aware of as market dynamics are shifting in ways that can impact your next move. Here are New Hampshire market updates you need to know: 

• Steady price increase. One of the most significant trends that has continued to favor homeowners is the remarkable 10.4% year-to-date appreciation in home values. This is substantially higher than the national average of 4-5%, making New Hampshire—and New England in general—a strong seller’s market compared to other parts of the country. The Northeast remains firmly in a seller’s market, unlike states like Texas and Florida, which are seeing longer days on market and gradually moving towards a buyer’s market.
• More negotiations. Although the Northeast remains a strong seller's market, there are signs of changing dynamics. Rising home prices have pushed some buyers out of the market, leading to more negotiations. This has resulted in more detailed contract terms and increased willingness to negotiate on both sides. While other regions are experiencing shifts towards a buyer’s market, the Northeast still remains a seller’s market, but sellers need to be prepared for these evolving conditions.

"A well-timed home sale can maximize your profit, especially in New Hampshire’s appreciating market."

• Interest rates drop. Last month, interest rates fell to their lowest level in the past 14 months and are now in the mid-6% range. This drop has sparked more activity in the market, with new buyers entering and helping to maintain the current level of price appreciation. Lower interest rates have continued to support demand, contributing to steady home prices in the region.
• Year-end predictions. Looking ahead to the end of the year, there are indications that we may see a few more rate drops. If that happens, it could attract even more buyers, making it an ideal time for sellers to capitalize on the current conditions. For those thinking about selling in New Hampshire, now is a great time to do so. With a clear strategy, your home sale will go on smoothly. 

If you have any questions about the current market or need guidance in selling your home in New Hampshire, please don't hesitate to contact us at 603-557-6661 or rhvizda@kw.com. We’re here to help you every step of the way, from setting up a tailored selling strategy to understanding your buying options. I look forward to working with you!