February is supposed to be a slow month in the real estate market, especially in times of economic uncertainty and especially in a state that gets rather cold in the winter.
But not this February and not in New Hampshire.
According to the New Hampshire Association of Realtors, sales in February were 10.2% above last February. Prices are up 23.5%. The median price for a single-family home was $357,400 – nearly $70,000 more than pre-pandemic levels.
The biggest increase in closed sales was reported in Carroll County, where they rose in 75%. The biggest increase in price was in Belknap, up 35.6% to $339,000. And the highest median price in February was once again in Rockingham County – $455,500.
But there were just over 1,000 homes for sale in February – 1,062 to be precise. That’s about a third of the number that were on the market in February 2020. That means if no homes were on the market, that measly inventory would last 0.7 of a month – a little more than 20 days. Homes sold in an average of 42 days and sellers, on average, receive 100.% of their asking price.
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