A “balanced” market is five to seven months’ supply, a level it hasn’t been at for more than five years, Cummings said. Inventory is measured by how many months it would take to sell off what’s available if nothing else came on the market. The increase, though, doesn’t mean that the state’s housing supply issues, a problem that’s been building for a decade, will be solved any time soon, said Dave Cummings, NHAR director of communications. The increase in single-family housing inventory has toggled between 1.7 and 1.9 months’ supply since June, after being less than a month from December to April. The October residential market figures, released Wednesday by the New Hampshire Association of Realtors, shows 1.7 month’s inventory at the end of October. MANCHESTER, NH – A continuing slight increase in inventory is a good thing in New Hampshire’s impossibly tight housing market, but not enough to ease the pressure that’s having ripple effects throughout the state’s economy.Īnd even with a few more houses available, and the median sales price down slightly from September, it’s still a seller’s market.
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