One of the more affordable markets in our luxury index, New Hampshire, has seen some growth in sales prices and improved market efficiency. As average top luxury prices sold under $6M before 2022, the years following showed an average of $9M in sales price, albeit slightly declining year-over-year. The same goes for Days On Market (DOM), which saw multi-year sales on average in the past, the last two years have only seen 121 and 210 days in 2023 and 2024.
Average luxury prices rose to $9M after years below $6M
DOM improved dramatically from multi-year sales to four to seven months.
Sellers achieve realistic pricing with 91-95% sales-to-list ratio
Very well priced
Compared to the New England region and the US market, New Hampshire sellers are very realistic about their properties. With 95% and 91% sales-to-list price in the past two years, sellers are more than 10% closer than the US average. Luckily for the top sellers in New Hampshire, there have been only three sales that took longer than 180 days in the past two years. Those three sales combined sold at 90% of the list price, slightly lower than the fast-selling properties on the market, which is unique to New Hampshire.
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