During the month of May there were 31 homes sales, which is consistent with the activity over the last 2 months. In March there were 31 sales, and in April there were 29. The number of sales year-to-date is also lagging 2022 by a similar pace to the last couple of months.
The lower amount of sales is reflective of lower inventory, which is influencing prices to continue their rise. For May the median sale price was $435,000 which is up from $426,000 in April. Last year at this time the year-to-date median was $360,000, and this year is up to $419,500-up 16.5% year over year!
Home pricing is pretty well balanced, with the average list price being $491,613 and the average sale price being $488,469. Here is a break down of sale prices compared to their list prices:
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10 homes sold for under their list price
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10 homes sold for at their list price
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11 homes sold for over their list price
In previous months there was a greater disparity in pricing as the market was moving from being a very active seller’s market, to now more balanced on fewer transactions. As we move into the busiest months of the real estate year this balance may continue, barring unforeseen influences. While this balance is welcome after the past couple of years, it has left many people uncertain for what is to come in real estate.
In New Hampshire home affordability continues to be a struggle, rising prices and limited inventory has left many prospective buyers struggling to find a home. For prospective sellers who might have purchased in the last few years, many are unwilling to sell having secured mortgages at low, fixed interest rates. This has made conditions that are a quandary for would be sellers, and difficult search for would be buyers. If you are considering buying or selling in the Sunapee region, we recommend you contact our experienced agents who can help you navigate local real estate.
Bradford
24 Hogg Hill Road - $162,000
Croydon
867 Route 10 - $320,000
Grantham
20 Route 114 - $345,000
2 Finch Place - $409,750
335 Route 10 South - $410,500
65 Anderson Pond Road - $950,000
7 Sylvan Walk - $1,280,0077
New London
137 Pingree Road - $450,000
326 Old Main Street - $499,900
247 Columbus Avenue - $606,000
76 Fenwood Drive - $615,000
193 Columbus Avenue - $650,000
294 Stoney Brook Road - $797,000
Newbury
184 Chalk Pond Road - $349,000
Newport
24 Old Goshen Road - $345,000
8 Whitney Avenue - $345,000
26 Cornish Turnpike - $435,000
Springfield
35 Winding Wood Road - $507,500
Sunapee
114 Sargent Road - $380,000
130 Pine Ridge Road - $510,000
Sutton
10 Morgan Lane - $370,000
9 Emerson Drive - $440,000
Unity
128 Britton Road - $419,500
109 Lemere Road - $614,000
Warner
845 Kearsarge Mountain Road - $470,000
Washington
269 Coolidge Drive - $107,500
65 Huntley Mountain Road - $260,000
126 Adams Drive - $384,900
224 Adams Drive - $450,000
Wilmot
656 N Wilmot Road - $365,000
41 Atwood Road - $895,000
*There were no home sales in Andover, Goshen, or Lempster during the month of May
**Data is from NEREN MLS and is subject to human error. Sometimes information outside of our control is upload to the system late which means our numbers could be off by one or two sales
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