2016 HIGHLIGHTS
PORTSMOUTH, NH
+15.38%
AVERAGE RESIDENTIAL SALES PRICE: $162,659
+37.97%
AVERAGE DAYS ON MARKET: 109
Continued Strength in 2017

Its convenient location to major cities makes New Hampshire a desirable place to live. Low inventory and interest rates have kept it a seller’s market in cities like Portsmouth and Nashua. Millennials and first-time buyers are drawn to commuting options, especially in the southern region.

Affordability Driving Demand

Particularly in the $300K and below range, average days on market is expected to remain stable. Brokers predict inventory will increase slightly in Portsmouth and remain low in Nashua, where competition is fierce among downsizers and first-time buyers. Affordability will remain a driving factor for sales in New Hampshire.

+10.30%
CONCORD, NH
2016 NUMBER OF UNITS SOLD
[ 1,028 ]

Single-family & Condo Comeback

Single-family homes dominate sales across the state. Homes in suburban neighborhoods, in particular “fixer uppers,” have proven more challenging to sell than move-in ready options. Condos and multi-family homes are making a comeback in Nashua and sales of these properties are expected to rise in the next year.

Millennials Dominating

Attracted to convenient location, first time buyers and millennials make up the majority of the market, particularly in Portsmouth and Nashua. In 2017, experts predict an increase in move-up buyer confidence as inventory levels balance out.

Luxury Market Outlook

Luxury condo sales are thriving in Portsmouth, but moving slower in Nashua. These patterns are expected to continue in 2017, with waterfront properties attracting high-end buyers the most.

STATEWIDE TRENDS

Most notably, Portsmouth reports a sharp increase in average residential sales price, likely due to its waterfront accessibility, while the rest of the state remains steady. Average days on market has balanced across the state over the last four years, with all regions decreasing except for Portsmouth, which has risen slightly. This stabilization is expected to continue in 2017.

FEATURED MARKETS

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CONNECTICUT

MASSACHUSETTS

NEW HAMPSHIRE

RHODE ISLAND

VERMONT