As we close out August, the Seacoast New Hampshire real estate market continues to show signs of shifting. While it remains an active market, both home sellers and buyers are noticing some important changes in pricing trends, days on market, and buyer behavior.
đź“Š Key Market Trends
- Sale Price to List Ratio: The ratio has dipped slightly to 96.33%, signaling that homes are not selling at or above asking price as often as they were earlier in the year. Sellers are still listing high, but buyers are being more cautious and negotiating more successfully.
- Days on Market: Perhaps the biggest shift has been the average time on market. Properties that once sold in just 26 days are now taking an average of 73 days to go under contract. This increase shows that homes are sitting longer, giving buyers more breathing room to evaluate options.
- Town-Specific Trends: Communities like Hampton, Rye, North Hampton, Newcastle, and Portsmouth are all experiencing this slowdown. While demand remains strong for desirable Seacoast properties, the pace of sales has clearly cooled compared to the frenzied market of the past few years.
🏠What This Means for Sellers
If you’re considering selling your home, pricing strategy is more important than ever. Today’s buyers are informed and selective, and properties that are priced correctly and presented well are the ones that move. Overpricing can lead to extended time on the market and price reductions later.
A professional market evaluation can help you understand exactly where your home fits in today’s conditions and how to maximize its appeal.
🔑 What This Means for Buyers
For buyers, this shift may bring some welcome opportunities. Longer days on market and slightly softer pricing mean more negotiating power and less pressure compared to the ultra-competitive market we saw in recent years. If you’ve been waiting for the right time to make a move, this could be it.
đź“Ť Final Thoughts
The Seacoast NH market is evolving, but it’s still a great time to both sell and buy—as long as you have the right guidance and strategy. Whether you’re in Hampton, Rye, North Hampton, Newcastle, or Portsmouth, understanding the latest market trends is key to making confident decisions.
If you’d like a free home valuation or want to learn more about buying in today’s market, I’d be happy to provide local expertise and a clear path forward.