A Look Back at 2021
After a strange and fast-paced year in real estate, it’s sometimes helpful to look back and see what the market did in 2021. Below are some interesting statistics.
In NH, when comparing single family home sales in 2021 to 2020 - the median sales price was up 17.9% to $395,000, the number of days a house was on the market was 26 days, the number of listings was down 6.3%, the number of homes sold was down 5.5%, and houses typically sold at 102.5% of the asking price.
Comparing the combined 8 area towns (Kearsarge School District plus Sunapee) – the median sales price was up 17.5% to $417,000, the number of days a house was on the market was 9 days, the number of homes sold was down 22% (463 sales in 2020 vs. 361 sales in 2021), and houses typically sold at 100% of the asking price.
In short, sale prices reached new highs, inventory remained low and homes sold in record time and usually above asking price. The expectation for 2022 is a bit more of the same, albeit at a more moderate pace. If you are thinking of buying or selling, contact me to find out how the market impacts you.
Data taken from NH Assoc. of Realtors and NEREN MLS, 1/1/20 to 12/31/20 and 1/1/21 to 12/31/21.