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November 2024

November 2024

HIGH END SALES LEAD MODEST NOVEMBER FOR SEACOAST REAL ESTATE

PORTSMOUTH, N.H.—Sales of single-family homes priced at $1 million dollars or more paced the November real estate market in the 13 Sample Seacoast Towns, 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.

The 23 sales of single-family homes priced at $1 million dollars, or more is a November record, besting last year’s mark by one sale. The 76 total November sales are up 26.7% from last year. Portsmouth had the month’s biggest sale at 27 Hancock Street, a 6-bedroom antique colonial across the street from Strawberry Banke. The residence closed for $4.2 million dollars. November’s median price is $762,500, down 7% from last year.

For the year, single family sales are up 9.5% and the median is 802,000, up 8.4%.

There were a modest 39 condominium sales in the month, the slowest month since February and off 20.4% from last year. Two of the top three sales were in Portsmouth where the month’s biggest came at 231 Sage Lane, a 3-bedroom, 2,650 square-foot unit that closed for $1,351,703.

The monthly median for condominium sales is $520,000, down 23.4% from 2023. For the year condominium sales are up 6.2% and the median price of $598,000 is up 6.4%.

“November was a good month for late fall on the Seacoast,” said Lynn Lagasse, president of the Seacoast Board of Realtors. “Given high interest rates and modest inventory, I think the market did well.”

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