The New Hampshire Association of Realtors reported on June 15 that the median single family home sale price in New Hampshire has reached $402,000 for the first time in history. Furthermore, it was the 11th consecutive month of 100% or higher sale-to-list price ratio; currently at 104%, this marks the highest in 16 years of recording. Year-over-year inventory is still reporting all-time lows and buyer demand is still high, but have we seen the peak of the market?

Since Memorial Day, I’ve noticed a change in the air. With the fear of the pandemic generally fading, many homeowners are feeling more comfortable with the idea of customers walking through their home, causing a spike in inventory. Furthermore, buyer demand has loosened its grip on the market slightly with families turning their focus to school graduations and summer plans. This isn’t cause for an immediate market correction, but it should gradually begin to balance the scales.