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April 2024

April 2024

RECORD HIGH END SALES LEAD APRIL REAL ESTATE MARKET

PORTSMOUTH—Sales of $1 million-dollar-plus homes in the 13-Sample Seacoast Towns set a new April record, while the rest of the spring real estate market struggled to gain traction, according to statistics just released by the Seacoast Board of REALTORS.


The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.


For the first time since the SBR began keeping records in 2007 there were no sales less than $400,000. By contrast, there were 17 sales of $1 million dollars or more.


Even though active listings were up 26.8% from a year ago, the 44 transactions closed is just three sales better than 2023. The 50 pending sales is the fewest for April since 2011. The monthly median sale price is $831,000, highest since November 2023 and up 10.8% from last year.


The biggest sale for the month came in Newington at 11 Shipwright Way, a seven-bedroom, 7,623 square foot, waterfront residence that closed at $5,250,000. This is a modern Newington record.


For the first four months of 2024, single-family sales are up 2.1% and the median sale price of $770,000 is up 16.7% from last year.


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