PORTSMOUTH-Sales of high-end homes paced the May residential real estate market in the 13 Sample Seacoast Towns as single-family inventory levels jumped 46% from where they were last year.

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

June opened with 111 active single-family listings, the most since October 2023. There were 65 sales, closing at a median $865,000, the highest since July 2023. Volume was paced by a monthly record 26 $1 million-dollar-plus sales. Still, it was the slowest May since 2020.

The biggest sale for the month came at 17 Straw’s Point in Rye at $18,500,000—a 10,176 square foot, 9-bedroom ocean view residence. This is the second biggest sale in the state in the modern era. The biggest also came at 30 Starw’s Point at $25,000,000 in 2022.

For the year, single-family sales are off 9.2% but the median sale price is up 15.9% at $800,000.

Condominiums show 88 active listings at month’s end—the most for May since 2020. There were 65 sales in the month, closing at a median $623,000. This included 11 sales of more than $1 million dollars, a new May record and just two sales away from the record of 13 set in November 2023.

The biggest condominium sale came at 202 Court Street in Portsmouth, a 3,075 square foot, three-bedroom unit that transferred for $2,595,155.

For the year, condominium sales are up 9% at a median $599,950, up 9.4%.

“While it is encouraging to see a substantial increase in inventory with buyers having more options, the Seacoast market remains highly competitive.” said Lynn Lagasse, president of the Seacoast Board of Realtors.