New Hampshire Home Prices Reach Record High Amid National Stabilization
New Hampshire's housing market has reached a record median sales price of $580,000 for single-family homes, according to the New Hampshire Association of Realtors. This marks a significant increase from previous years, defying national trends where housing prices have begun to stabilize. The state's housing market is experiencing a surge in sales volume despite high national mortgage rates, driven by a combination of limited supply and strong demand. The affordability index in New Hampshire has declined, with the median household income falling short of what is needed to afford the median home price. The state's housing market is characterized by a persistent shortage of available homes, particularly starter homes, which continues to drive prices upward.