Rockingham and Strafford County Housing Market Update

Welcome to this month's Rockingham and Strafford County housing market update, focusing on the beautiful regions of New Hampshire.

Whether you're considering buying your dream home or planning to move from your current property, you've come to the right place. This month, we're decoding the latest market trends to give you a comprehensive view of what's happening, what it means for you, and how to navigate this dynamic real estate market. Grab a notepad, and let's uncover the opportunities that will give you the edge in today's market!

Inventory

In May this year, listings increased by around 18% compared to last year, offering more options for buyers. This rise in inventory means that there are more choices available, which can be beneficial if you're looking to buy a home in the area.

Prices

The median price has increased by around 10% compared to May 2023. This significant rise highlights the robust nature of the market and the ongoing demand for properties in Rockingham and Strafford Counties.

Closed Properties

We've closed 16% more properties this May compared to May 2023. This uptick in closed transactions indicates a healthy and active market, with both buyers and sellers engaging more compared to the previous year.

Days on Market

The average time a home spent on the market remains almost the same as last year. Consistent days on market suggest that while inventory has increased, the demand remains strong enough to keep the selling timelines steady.

Exciting Updates

  • For Buyers

More choices are generally available, but we still face low inventory overall. The current supply would last for about a month and a half without any new listings. This means that while there are more options than before, the market is still competitive.

  • For Sellers

Realistic pricing is key in this balanced market. Highlighting your home's unique features can attract buyers in this competitive landscape. Setting the right price and showcasing what makes your home special can make a significant difference.

Stay Informed

The market is dynamic, so staying informed is crucial. Call me for personalized guidance. Whether you're buying, selling, or just curious about the trends, understanding the market can empower your decisions. If you have questions about the NAR Settlement, I am happy to explain how it will affect buyers and sellers in the near future.

Thank you for joining us for this quick market update! If you have questions or want to dive deeper, contact us today at!

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