One thing you have to keep current on as a Realtor is monthly indicators. Here are the latest numbers for April 2021 compared to the same time in April 2020 and the year-to-date numbers.
Here is the picture for New Hampshire real estate in April 2021.
In the statistical chart above, one thing we watch closely is Pending Sales. Pending sales are a very accurate, short-term predictor of closed sales because most all of the pending sales will become closed sales in the next 30 to 60 days. For example, because pending sales for April 2021 were up 32.3% over the pending sales in April 2020, we can safely predict that closed sales in May and June will likely be up as well.
Another important number we watch closes is New Listings. Because we’ve been dealing with a severe shortage of homes to sell, any increase in new listings is a good sign. Here we see new listings in April 2021 were up 34.8% over new listings in April 2020.
In the second from the bottom chart and set of numbers, we see Percentage of List Price Received. Just to make the math easy, this means if a house was listed for $100,000, how much more or less of that number did the seller receive. We see that that number is 103.3% which means our $100,000 seller would actually have a sales price of $103,300. That’s great for sellers, but it also means buyers are commonly engaged in bidding wars and routinely paying over the list price for their new home.
A little closer to home for us is the numbers for Rockingham County, NH. This county includes Portsmouth, Exeter, Hampton, and several other towns.
Our median sales price closer to the coast is $471,500 vs. the state median of $324,275.
That’s the New Hampshire real estate picture for April 2021. We’ll be back next month with another real estate update for you. In the meantime, if you have any questions, we’re happy to answer them. Contact us here.
