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September 2024

September 2024

September inventory levels enjoy modest increase, as sale prices cool

PORTSMOUTH—Inventory of available single-family and condominium units in the 13 Sample Seacoast Towns enjoyed a modest increase in September, 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.

There were 168 active single-family listings at the end of September, the most since January 2020. Sales were up 23.7% from last year though the monthly median sale price of $700,000 was down 6.7% from 2023, the lowest since January’s $683,750. Sales are up 7% for the year and the 9-month median of $829,000 is up 12% over 2023.

The area’s biggest single-family sale came at 22 Ocean Boulevard in North Hampton, a 4-bedroom, 5-bath, 5,416 square foot ocean view residence that closed for full price at $3,350,000. No other sales exceeded $1.6 million dollars.

On the condominium side, active listings attained the highest level (129) since February 2020. There were 58 sales, up three sales from last year. The median sale price of $568,250 is down 4.4% from 2023. For the first nine months of 2024, sales are up 6.4% and the median price of $595,000 is up 7.4%.

The month’s biggest condominium sale came at 233 Vaughan Street in Portsmouth, a 3-bedroom, 4-bath, 4,256 square foot, rooftop penthouse unit that closed for $75,000 more than ask at $5,825,000. This is a Portsmouth record. The area’s top six condominium sales were all in Portsmouth.

“It’s great to see an increase in listings, however modest,” said Lynn Lagasse, president of the Seacoast Board of Realtors. “Buyers have more choices and can finance now at a lower interest rate.”

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