What is a seller’s market? Historically a balanced market has a 6-month supply of homes for sale in which there are enough homes available for active buyers. The most recent report (Jan.) from The National Assoc. of Realtors (NAR) shows the US inventory at just a 3-month supply. NH has about a month’s supply but at least new listings are up 26% YTD thru Feb. compared to 2023. As a result of the low level of housing supply, properties sell quickly and for much higher prices. Currently there are only 975 homes for sale in the whole state of NH. Sellers are in prime position to best negotiate price and terms favorable to them. The median sales price in NH (thru 2/2024) is $460,000, up 9.5% for the same time frame last year. Will it last? Looking at the predictions of 7 home price forecasters, they are predicting, on average, a price appreciation of 3.2% for 2024.

If you are considering selling, contact me to find out why this is the ultimate time to be a seller!

Donna Forest M: 603-731-5151 donna@donnaforest.com Follow her on Facebook