2015 Southern New Hampshire Housing Report

Sales up 11.7% and Prices up 4.7%

The Southern New Hampshire housing market experienced robust growth in 2015, much like Massachusetts housing market!

2014 – 2015 Homes Sales By Month

There were a total of 11,767 homes sold in Rockingham, Cheshire, Hillsborough counties in 2015, which is an 11.7% increase over 2014 when there were 10,532 homes sold. The significant increase this year is the result of several contributing factors, including: mortgage guidelines loosening, interest rates remaining low and giving buyers more purchasing power, home equity increasing giving sellers more flexibility to sell, and a stronger overall economy.

Additionally, home sales in early 2015 were heavily impacted by the record breaking snowfall which brought the housing market to a near standstill in February. Once the snow was finally behind us home sales started to ramp up in late spring. The biggest month of the year was July, standing out with 1,590 home sales, a remarkable 27% increase over 2014’s biggest month, also July with 1,252 homes sales. See graph at the top of the article.

2014 – 2015 Home Prices By Month

The average sales price of all three home types (Single, Multi-Family, Condominiums) in 2015 was $269,188, which is 4.7% higher than the 2014 average of $257,193. The average price for single family homes in Southern New Hampshire was $284,828, while condominiums sold for an average of $233,825 and Multi-Family homes sold for an average of $271,877.

For the rest of the report, which includes overall home sales and average prices by county, a look back at the past decade, and forward to what’s to come in 2016, visit our website here!