Feb. Market Report

The 559 single family residential homes sold in February was the lowest of any month since February 2010, as the inventory crisis continued to take root in the New Hampshire housing market. It marked a 20 percent decrease in closed sales from a year ago.

There were just 1,187 homes on the market in the state at the end of February, a slight increase since February 2022 but still the lowest number in a year and translated to only one month's supply of inventory. A balanced market is considered 5-7 months, a range not seen in New Hampshire since 2016 and prior.

Price, meanwhile, continued to climb to $425,000 in February, an increase of 5 percent over a year ago and the highest February in New Hampshrie history. As a result, the affordability index dropped 25 percent from last February to 72, meaning the state's median household income is just 72 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. By comparison, the affordability index in January 2013 was 210.

For NHAR's full slate of market data, including our Monthly Indicators report and detailed county- and town-level reports, visit our FastStats landing page.

Questions? Please email Vice President of Communications and Member Engagement Dave Cummings (, or call 603-554-7855.

Mar 15, 2023

"Amidst the sea of change to which the New Hampshire Association of REALTORS has played witness in its 85 years, one thing that has remained constant is the Realtor 'R' and the value we bring to every real estate transaction in which we take part. We are part of a unique community where our familial cooperation transcends our business competition. These are not mere platitudes, but our living ideals, and they are, in fact, the foundation on which we conduct ourselves in our day-to-day affairs."

Ben Cushing, 2023 President, New Hampshire REALTORS