NH Real Estate: The Price Surge Explained

Unraveling the factors behind New Hampshire's surging real estate market.

Are you curious about the current state of New Hampshire's real estate market? It's no secret that housing prices are soaring, inventories are plummeting, and home sales seem to be lagging behind previous years. Today, we'll dive into the factors driving these market dynamics and how you can play a part in making housing more affordable in the Granite State.

1. Low inventory, high demand. First, let's look at the numbers. New Hampshire is experiencing an all-time high in median sales prices, and at the same time, the inventory of available homes is at an unprecedented low. Year-to-date home sales have dropped by 22% compared to the previous year, despite being in a low inventory market in both cases.

"Unraveling the factors behind New Hampshire's surging real estate market."

2. The realtor's role. It's common to hear people question whether realtors are driving up the market. However, it's essential to understand that real estate professionals have little to do with why people are drawn to New Hampshire. The state boasts an array of attractions, from natural resources like mountains and oceans to proximity to Boston and a lack of income and sales taxes.

3. Affordable housing advocacy. To combat the rising housing prices, you can take an active role in advocating for affordable housing in your local community. When new developments are proposed, get involved, and express your support for projects that align with your community's needs. Providing constructive input can help shape these developments in ways that benefit your community rather than hinder it.

Understanding the factors behind New Hampshire's housing market can shed light on the challenges and opportunities it presents. By actively engaging with local governments and advocating for affordable housing solutions, you can contribute to making New Hampshire a more accessible place to live for all. If you have any questions or insights, please feel free to reach out via email or leave a comment below. Your input matters in shaping the future of housing in the Granite State.