**Year over Year | MLS Single family | All data is from New Hampshire REALTORS®, InfoSparks® 2005 ShowingTime Plus, LLC.
December 2024 $937,500 +23% | January 2025 $499,000 — | February 2025 — — | March 2025 — — | April 2025 — —
May 2025 $895,000 —
Median Sales Price tells you what the midpoint sale price is in a distribution of houses that have sold. Let’s say there were seven houses that sold, three would be below the Median Sales Price and three would be above the Median Sales Price. If there is an even number houses the median would be the average of the two middle sale prices. The median is best used in markets with a wide range of home prices which has the presence of outliers that would skew an average, as is the case with this market. These prices do not account for seller concessions. If the price is increasing, it could mean a sellers market because demand may be high and competition may be pushing prices higher. If the price is dropping, demand may be low and sellers are lowering prices to attract buyers, creating a buyers market with more room for negotiation.
December 2024 1 -50.0% | January 2025 0 -100.0% | February 2025 0 -100.0% | March 2025 4 — | April 2025 2 —
May 2025 3 -50.0%
New Listings gives a snapshot of the rate at which homes are entering the market. By looking at the new listings to pending sales ratio one can get insight to the health of the market. A ratio near 1.00 indicates a more healthy balanced market where demand is keeping up with supply. As the ratio falls further below 1.00 fewer homes are being listed than sold, decreasing inventory and creating a market that favors the seller. As the ratio moves further above 1.00 more homes are being listed than sold, increasing inventory and creating a market that favors the buyer. Two factors that may significantly impact the ratio are seasonal trends and mortgage rates. Typically buyer and seller activity tends to slow during winter months and increases in mortgage rates will slow buyer activity because of the higher cost of home ownership.
December 2024 6 +20.0% | January 2025 5 +66.7% | February 2025 5 0.0% | March 2025 8 +60.0%
April 2025 6 +50.0% | May 2025 8 -11.1%
Homes for Sale refers to the number of homes currently on the market. When inventory levels are low, sellers will likely ask for higher prices for their homes and may potentially get above asking price if multiple buyers compete. Days on Market tend to be short during a sellers market. When inventory levels are high, sellers will have to price more aggressively and possibly offer concessions to attract buyers. For buyers, having fewer homes on the market creates competition, making it harder to find the home they want for the price they want. With high inventory levels, buyers can take their time and negotiate betters deals. Essentially, because of the economic model of supply and demand, Homes for Sale effects prices and who holds the power in a transaction.
December 2024 0 -100% | January 2025 0 -100.0% | February 2025 0 -100.0% | March 2025 0 0.0%
April 2025 4 — | May 2025 1 0.0%
Pending Sales are homes that are currently under contract but have not yet closed. Once a contract has been executed the home is put on a pending status until closed or in some cases deals fall thru because of a home inspection issue, a title issue, failure to appraise or financing problems. Pending Sales may be important as an early look into what Closed Sales may be because a high percentage of Pending Sales do close within one to three months.
December 2024 2 0.0% | January 2005 1 — | February 2025 0 -100% | March 2025 0 0.0% | April 2025 0 -100.0%
May 2025 4 —
Closed Sales refers to the number of sales transactions that closed during the month. Closed sales are affected by seasonal cycles so, trends are better represented by year over year changes, comparing a months sales to the same month of the previous year, rather than one month to the next. Closed Sales is used in calculating the important metric, Market Absorption Rate. By dividing Closed Sales by Homes for Sale then multiplying the result by 100, Market Absorption Rate can be expressed as a percentage. This percentage can help guide you in understanding the current market. Typically, a buyers market will have an absorption rate below 10%, a sellers market will be above 20% and a balanced market will be between 10% and 20%.
December 2024 147 +425.0% | January 2025 71 — | February 2025 — — | March 2025 — — | April 2025 — —
May 2025 95 —
Median Days on Market is an important metric that helps gauge demand in the market. Typically, a low number of days could indicate high demand, a sellers market where properties are selling quickly. While a high number of days could indicate low demand, a buyers market where buyers have more negotiating power because a seller may be willing to lower the price since their property has been on the market too long. Factors such as homes desirability, potential issues or an overpriced property will also affect the days on market. Also, if a property has been on the market for a significant amount of days it could signal to buyers that something is wrong and could lead to low offers. A property that has been on the market over 90 days may start to become questionable or “stale”.
December 2024 2.6 -3.7% | January 2025 2.1 23.5% | February 2025 1.9 -36.7% | March 2025 3.1 +3.3%
April 2025 2.2 -12.0% | May 2025 2.9 -50.0%
Months Supply of Homes measures how many months it would take to sell all the homes on the market if no new listings come in. It is calculated by dividing Homes for Sale by the average number of Closed Sales per month over a certain period (e.g., a 12 month period) . A low number typically below 4 months may indicate a sellers market with too few homes for sale creating competition, higher prices and quick sales. A high number typically over 6 months represents a buyers market with more homes available than buyers causing longer Days on Market which could mean more negotiating and lower selling prices. Between 4 to 6 months may indicate a balanced market where neither seller or buyer holds an advantage.
Understanding this balance of supply and demand can help sellers and buyers make informed decisions on negotiating power and other factors that effect a transaction such as pricing and concessions.
December 2024 91.5% -7.3% | January 2025 102.9% — | February 2025 — — | March 2025 — — | April 2025 — —
May 2025 93.8% —
Median % of Last List Price illustrates the difference between the list price and the sold price of a home. It is calculated by dividing sale price by the last list price and then multiplying that by 100 to express it as a percentage. This metric shows whether buyers are paying more or less than the asking price. A high percentage suggests a strong sellers market, while a low percentage could mean a buyers market and that negotiations were likely. This ratio helps sellers and buyers understand negotiating trends and also helps them judge an agent’s performance.
**Note: Live data vs. frozen data.
You may notice that numbers seem to shift from month to month. For example, something that said 1,000 sales for a January report might say 1,023 sales for January in a February update. This is because InfoSparks is constantly “updating history.” Instead of freezing the data and reporting only that number at a single given point in time, it is refreshed on a regular basis, reporting the most current numbers available in the MLS. This accounts for the reality of an ever-changing market and catches important edits to previously accounted for data. (For example, a sale will be removed if the deal collapses.)