August 10, 2021
Adam Gaudet, broker/founder of 603 Birch Realty in Concord, speaks with WMUR-TV about New Hampshire's summer 2021 real estate market: New Hampshire Housing Market Data Shows Home Sales Down in July, Prices Up From Previous Year
Transcript from WMUR:
A new report on home sales from the New Hampshire Association of Realtors shows property sales are down from last July, but prices are up.
Last month, nearly 400 fewer sales were closed when compared to July 2020. That is a drop of 15% in sales, but the median sales price, however, was almost $61,000 more, an increase of more than 18%. "We're seeing a little bit of balance, fortunately, for some buyers in the state. We're seeing a little less attendance at open houses, a lot more New Hampshire license plates and less Massachusetts, Connecticut license plates," said Adam Gaudet from 603 Birch Realty.
Inventory was down from last year too, but that trend line is moving. "So, while the inventory was really low in the beginning of the year, we're seeing a much greater increase each week," Gaudet said. "Let's say in the beginning of the year it was hovering around 1,000 single-family homes for sale any given week. Now, we're more around 1,800 for sale."
Single-family homes in Carroll County saw the biggest price jump. People there are paying almost 34% more than they did last July. "It all happened very quickly. My wife and I decided we wanted to make the move, put it on the real estate websites on a Wednesday, showings on Friday and Saturday, and we had 13 offers by Sunday night. So yeah, it happened really fast," said Travis Ireland of Concord.