We thought you might be interested in finding out how the NH real estate market did in May. After an extended period of record-breaking results, we are seeing signs that the market is taking a slow down as home sales dropped 9.2% from the same time last year. According to NAR, “The slowdown in sales has provided a much-needed lift to housing supply, with inventory up 10.8% from the previous month according to NAR, although supply remains down 10.4% compared to this time last year, with only 2.2 months’ supply of homes at the current sales pace”, and while the market continues to favor sellers, we can expect to see the market move toward a more neutral position due to slowing buyer demand as a result of rising interest rates and housing affordability.
The bottom line is you need someone who understands the local market and has the experience to navigate the changing market. If you are thinking about buying or selling in this market,
email or call 603-770-5162 to get started!!