“PORTSMOUTH NH – Sales of single family condominiums in the 13-Sample Seacoast Towns enjoyed the highest October volume in at least five years. The 73 sales were the most in any month since September 2016’s 85 transactions.
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The 13-Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook and Stratham.
Condominium sales are now outpacing 2016 by 2.1% with a 10-month median sale price of $301,500, or 13.7% ahead of 2016.
Meanwhile single family sales, hamstrung by the smallest inventory since April, off 16.8% from a year ago, dropped to 86 transactions. That’s the fewest sales since April and down 10.4% from October 2016. Still the monthly median sale price came in at $457,500 up an impressive 18% from a year ago. For the year, the median sale price of a single family home is now $445,500, up 9.7% from last year.
“The condo demographic is certainly impressive,”
said Todd Hudson, president of the Seacoast Board of REALTORS.
“And even with single family sales down, there’s no denying persistent buyer demand and the pressure that puts on prices. Seacoast residential real estate remains a very healthy investment.