06/11/2025
As we say in coaching the video and the numbers donโt lie.
Well these numbers speak volumes.
Everyone knows that there is a housing shortage in NH.
Why do you think I have created a โget s**t doneโ team and have been building in Littleton?
The challenge and quite honestly the โtalentโ is helping folks develop an exit strategy that works.
Take a gander at the latest data below and then letโs grab a coffee, a beer or even a pew and facilitate YOUR STRATEGY!!!!
There are methods and strategies that can help you get to the next level, attain wealth or breathe more easily while entering retirement.
June 11, 2025
NH price record equaled
The NHAR May housing market report
The median price for single family residential homes in New Hampshire hit $540,000 in May, equaling June of 2024 as the highest ever in the state for a single month. It's the 64th consecutive month of year-over-year price increases in New Hampshire.
NEW HAMPSHIRE MONTHLY INDICATORS
Meanwhile, the NHAR Affordability Index dropped to its lowest point in a year and remained below 60 for the sixth consecutive month, at 55, meaning the state's median household income is just 55 percent of what is necessary to qualify for the median-priced home under today's interest rates. By comparison, the Index has been as high as 200 as recently as 2013, and was last over 100 in 2021.
Additionally, the National Association of Realtors recently released a study showing affordability based on income level (scroll down to see NH in this PDF). Among other things, it shows that in this market, families earning $100,000 can afford only 19 percent of the homes for sale. In a balanced market, that number would be nearly 52 percent.
Low housing supply remains the primary driver of ongoing price increases. Despite the third consecutive month of a more than 20 percent increase in inventory compared to 2024, New Hampshire still has only 2.1 monthsโ supply of inventory, meaning the amount of time it would take to sell off the current housing stock at the current rate of sales. With 5-7 monthsโ supply generally considered a balanced market, it's been well over eight years (October 2016) since the last time we saw even the low end of that benchmark.
At that time, the state had over 7,300 single family residential homes on the market. There were 2,118 at the end of May 2025, a 71 percent decrease.