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Market Insights

July seacoast residential volume hits new record

JULY SEACOAST RESIDENTIAL SALES VOLUME HITS AT LEAST 3-YEAR HIGH

by John W. Rice 

PORTSMOUTH-July was the busiest sales month in at least three years in the 13 Sample Seacoast towns, 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.

The 146 closed residential sales broke the modern record of 132 sales set last July. The median monthly sales price of $410,000 also shatters the old record of $387,450 set in June. The $370,000 median sales price for the year is up 5.7% from a year ago.

Meanwhile, July was also the best month for condominium sales volume since last July, although off by 4.4% from a year ago. The monthly median sales price dropped 2.2% from June, although the median sales price for the year is up a solid 4.1% from a year ago.

 


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