For the first time since 2020, the Monadnock Region has returned to a truly seasonal real
estate market. This winter felt especially long and cold, there were even snow flurries as
this article was being written, and those conditions created a natural slowdown in activity
reminiscent of earlier market cycles.
According to PrimeMLS and New Hampshire REALTORS® data, the Monadnock Region saw
modest but steady market activity throughout 2025. Sales volume remained relatively flat
compared to 2024, while inventory increased slightly, signaling a continued shift toward
normalization after years of volatility. This seasonal pause has once again encouraged
many homeowners to wait until spring to list, allowing time for cosmetic improvements and deferred maintenance that can positively affect value and marketability.
Buyers, too, have been using the quieter winter months productively. Throughout 2025,
lenders reported a rise in early buyer preparation, with more purchasers obtaining
preapprovals well in advance. This readiness, combined with increased financial caution,
has shaped a more thoughtful and deliberate buying environment.
By the end of 2025, Cheshire County’s median single-family home price rose to
approximately $385,000, reflecting continued appreciation but at a slower, more
sustainable pace than seen earlier in the decade. Importantly, days on market increased
into the 21-35 day range across much of the Monadnock Region, a meaningful change from
the ultra-low figures common during the height of the COVID market. Inventory levels in
many local towns edged closer to 1.5 months of supply, still below what is considered a
balanced market, but a noticeable improvement over prior years.
While the Monadnock Region remains a seller’s market, demand has softened. Buyers in
2025 demonstrated increased patience, often waiting for homes that truly meet their needs
rather than competing aggressively for every listing. This shift resulted in fewer bidding wars and a higher percentage of homes selling at or very near list price, rather than significantly above it.
Sellers, meanwhile, continue to benefit from historically strong home values, but pricing
strategy has become more critical. Homes that are well-prepared and accurately priced are
selling efficiently, while those priced beyond market value are spending more time on the
market and often require price adjustments.
Overall, the 2025 market reflected a healthier balance—one where both buyers and sellers
have room to make informed decisions. This more even playing field supports fair and
equitable transactions and contributes to a stable local housing market that benefits our
broader community.
In a market defined by nuance and gradual change, it is especially important for consumers
to work with a local real estate professional who understands the distinct differences
between Monadnock communities such as Keene, Peterborough, Jaffrey, and surrounding
towns. Local expertise helps buyers and sellers interpret market data accurately, set
realistic expectations, and navigate the homeownership journey with confidence as they
work toward their real estate goals.
As we look ahead into 2026, the Monadnock Region is expected to continue moving toward
a more balanced and sustainable real estate market. Inventory is anticipated to slowly
increase as more homeowners feel comfortable listing, particularly those who postponed
selling during the past few years due to uncertainty around interest rates. While the market
is still likely to favor sellers, the gap between supply and demand should continue to
narrow.
Price growth in 2026 is expected to moderate rather than accelerate. Experts anticipate
modest appreciation rather than sharp increases, which supports housing stability and
long-term equity for homeowners while improving affordability conditions for buyers.
Interest rates, while still a key factor, are projected to stabilize, allowing buyers and sellers
to plan with greater confidence.
Most importantly, 2026 is shaping up to be a year defined by intention rather than urgency.
Buyers will continue to make thoughtful decisions rooted in lifestyle and financial
sustainability, while sellers will benefit most from accurate pricing, solid presentation, and
strategic timing. With these dynamics in place, the Monadnock Region is positioned for a
healthy, steady market that supports both individual homeownership goals and the
strength of our local communities.
Denise Whitney is a real estate broker and regional sales director of the Better Homes and Gardens Real Estate – The Masiello Group, Peterborough and Keene offices.