Interested in the New Hampshire housing market? Here’s an update for single family homes in Belknap County, New Hampshire. As we analyze the current real estate market data, we can see a correlation between the different metrics that can provide valuable insights for both buyers and sellers.
Months Supply of Inventory
First, the Months Supply of inventory, is currently at 1.7 — down 15-percent year-over-year. This metric represents how long it would take to sell all the homes on the market at the current pace of sales. A lower number indicates a seller’s market, while a higher number indicates a buyer’s market.
List to Sold Price
The List to Sold Price percentage is sitting at a 93.2%, down nearly 5% from this time last year - showing that homes are generally selling slightly below their list price. This could be a reflection of slightly lower buyer activity in the winter, or sellers still expecting a premium price. This presents a good opportunity for buyers, who have often been offering over asking price in recent years to secure a home.
Median Days on Market
The median days on market before accepting an offer is 8. This is still a quick turnaround time, but it’s important to note that individual properties may vary based on factors like location, condition, and pricing.
Median Sold Price
And finally, the median sold price in Belknap County is currently $439,500. This is a key indicator of the overall health of the market and can help both buyers and sellers understand what to expect in terms of pricing.
Overall, the real estate market in Belknap County remains active and competitive. t’s important for both buyers and sellers to stay informed about these metrics to make informed decisions in the real estate market.