PORTSMOUTH—August sales of single-family homes in the 13-Sample Seacoast Towns
bounced back from a sluggish July, producing the strongest month for sales since
September 2021.

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

Nevertheless, the 109 August sales, while up 51.4% from last month, were the fewest
for August since 2014 and off 7.6% from last year. Still, it was the strongest month of
the year for sales in the $400-$700,000 price category--49. Million-dollar-plus
transactions came within one sale of tying June’s record of 26. All this despite another
monthly record of low inventory. September begins with 111 active single-family
listings.

For the month the median sale price was $680,999 up 13.8% from a year ago. For the
first eight months of 2022, sales are off 13.8% but the median sale price is up 8.1% at
$660,000.

August’s 68 condominium transactions came within one sale of tying the yearly high
despite, like the single-family side, an August record low inventory of units available for
sale. Volume matched that of August 2021, but the median sale price of $482,449 was
up 1.5% from last year. Condominium sales are off 19.9% for the first eight months of
2022, while the median sale price is up 25.5% at $502,000.

“It’s hard to set sales volume records when inventory is so tight,” said Seacoast Board
of REALTORS President Jessica Ritchie. “Still, it was a very strong month reflecting,
once again, strong consumer confidence in Seacoast real estate.”