Median sales price for a single-family home in New Hampshire in October decreased for the second month in a row, and new listings, pending sales and inventory were up slightly, but those positive signs were overshadowed by an all-time low in affordability for potential home-buyers.
Home buyers looking for a cheaper condominium/townhouse option are finding that increasingly tough in New Hampshire as prices climb and inventory doesn’t.
In 2018, Brookstone, the former tenant, filed for bankruptcy for a second time and closed all mall stores. Since then, they relocated their headquarters, leaving this beautiful 3-story building vacant. With the pandemic behind us, and businesses altering their office space needs, Brady Sullivan Properties decided it was time to turn this former headquarters into beautiful apartment homes.
The cost of a single-family home in New Hampshire continues to be at an all-time high and the ability of home-buyers in the state to afford one at an all-time low, according to August’s sales figures.
The New Hampshire residential home real estate market continues to be tight, with lack of inventory and affordability remaining a tough one-two punch.
New Hampshire is the 10th most expensive state in the U.S. to own a home, and the top-ranked for increasing expense, according to an analysis by real estate industry website Agent Advice.
Encore Commercial, LLC announces the sale of two triple net-leased retail properties, Trader Joe’s and Friendly Toast, tenants in the Market and Main mixed-use development. The anchor tenants were purchased by the tenants themselves, with Trader Joe’s selling at a market-leading capitalization rate of 4.9%.
Median sales price for a single-family home in New Hampshire rose to an all-time high of $495,000 in June, as low inventory across the state continues to take its toll. The higher price, combined with the increased cost of borrowing, dropped the affordability index to an all-time low of 61.
The Diocese of Manchester is the new owner of the building that once housed Blessed Sacrament School, nearly 50 years after closing the school and 40 after selling the property.
New Hampshire single-family housing purchase costs are at record low affordability for the state’s residents, according to the monthly residential market report by the New Hampshire Association of Realtors.
As part of its $15 billion Community Homeownership Commitment®, Bank of America has expanded its Down Payment Grant program to prospective New Hampshire homebuyers in Rockingham and Strafford Counties to help more people prepare for homeownership now and in the future.
It remains difficult for New Hampshire residents to both buy and sell a home, with tight inventory and high prices continuing to slow the market.