Seacoast NH Home Sale Stats - Feb '22

Dated: March 30 2022

Views: 7

Was anyone thinking much about Real Estate Sales in January? Not me, so I skipped the report. The story was a continuation of the SAME--- LOW INVENTORY. Same goes for Feb, but we'll rally & pay attention because... SPRING is just ahead. Finally! ???? Were you lucky enough to get away from the cold weather? ? If not (like me), please ENJOY the pretty photo.. Zero risk of sunburn, jet lag or lost luggage. Ahhh... ????

From the Seacoast Board of Realtors, Sales Stats for Feb '22:

PORTSMOUTH---February single-family and condominium inventory fell to record lows in the 13 Sample Seacoast Towns resulting in modest sales volume, according to statistics just released by the Seacoast Board of REALTORS.
The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.
With a paltry 42 active listings at month’s end, February produced just 34 sales, fewest since 2018. Still, million-dollar-plus sales continued to buck the trend with nine closings, the most ever in February and the second straight record month for this price bracket.
For the month, sales fell 34.6% from last year at a median price of $612,000, up 9.7% from 2021. For the year, single-family sales are off 31.3% and the median sale price of $565,000 is off 3.9% from 2021.
At month’s end there were just 45 active condominium listings. The 24 sales represent a nine-year low, off 52% from last year. The monthly median of $447,500 is 20.7% ahead of 2021. For the year, condominium sales are off 33.3% but the monthly median is up 39.5% at $530,000.
“Our market continues to be difficult and challenging for buyers,” said Seacoast Board of REALTORS President Jessica Ritchie. “It’s obviously a great time for potential sellers to step up.”
Blog author image

Karen LeMire

My expertise is representing the interests & goals of buyer & seller clients with a personalized, professional, consultative approach. Just like the properties I sell, no two people are exactl....

Latest Blog Posts

Seacoast NH Home Sales Stats - March 2022

So far, the spring market supports High-End buyers & sellers.Here are your stats for March '22PORTSMOUTH—Sales of homes priced at or above $1,000,000 paced a lukewarm start for the

Read More

Real Estate Refreshed NH - Power of 27

Need a remedy for brown landscape Early Spring blues? Ready? It's the practical roll-your-sleeves-up-&-get-busy version of Feng Shui. Move 27 items in your home. I'm serious. Do it now. Why?

Read More

Seacoast NH Home Sale Stats - Feb '22

Was anyone thinking much about Real Estate Sales in January? Not me, so I skipped the report. The story was a continuation of the SAME--- LOW INVENTORY. Same goes for Feb, but we'll rally & pay

Read More