New Housing Market Report Shows Strong Demand for Homes and Apartments, Short Supply and Strong Economy
March 3, 2020
The spring Housing Market Report published by New Hampshire Housing Finance Authority finds little change in the housing market in the state, as rising housing prices, housing demand, and low interest rates continue to support a seller’s market in the state. On the rental housing side, a low vacancy rate and a lack of availability of units makes it challenging to find an apartment, particularly in the southern tier of the state. These are all indicators of a robust state economy, as well as a need for housing for our workforce and all residents.
In addition to providing information on economic indicators, home prices and inventory, and the state’s rental market, this NHHFA Housing Market Report presents commentary on the state’s housing needs and one means of adding to the housing supply in the state through small-scale development in our communities.
Data from this NHHFA Housing Market Report reflect:
- A strong economy with an unemployment rate below 3% for nearly 5 years
- A low inventory of homes for sale, particularly below $300,000
- A median MLS sales price of nearly $300,000 in NH
- Low mortgage delinquency rate
- A vacancy rate below 1% for apartments in most regions of the state
- How the state’s demographics will influence the future housing market
- NHHFA FY19 Annual Report
- NHHFA Housing Market Reports
- 2019 New Hampshire Residential Rental Cost Survey Report
- New Hampshire housing market, economic and demographic data and research