PORTSMOUTH—Sales of homes priced at or above $1,000,000 paced a lukewarm start
for the residential real estate market in the 13 Sample Seacoast Towns.

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

It was the slowest March in at least the last 10 years for single -family sales. The
month ended with 52 closings and just 48 active listings, both the fewest ever for
March. Nevertheless, the high-end market remained hot with 12 sales over
$1,000,000, a new March record.

Sales were off by 21% from last year, while the median price of $695,000 is a new
high for the year, up 19% over 2021. For the year, total single- family sales are off
27% but the 3-month median of $624,000 is up 6.1% from last year.

On the condominium side there were only thirty-seven active listings at month’s end,
the fewest ever for March. The forty-seven sales represent the best monthly total of
2022, but still the fewest for March since 2019. The monthly median sale price was up
from 2021 by a robust 39.7% at $503,000.

For the year, total condominium sales are off 24.4% but the median of $530,000 is up
40.6%.

“Lack of inventory continues to make this one of the best Seller’s markets ever,” said
Jessica Ritchie, president of the Seacoast Board of REALTORS. “Consumers
demonstrate high confidence in seacoast real estate, especially in the upper end price
brackets.”