Monday, January 13, 2025 / by Vanessa Saunders
New Hampshire’s housing market reached an unsettling milestone in 2024: the median price of a single-family home climbed to $514,000, breaking the half-million mark for the first time in state history. Let that sink in. Ten years ago, that number was $228,000. Five years ago, $300,000. Even in 2023, we were at $470,000.
What does this mean for the Granite State? It means we’re facing a housing crisis like never before—a crisis of affordability, supply, and opportunity.
For context, the affordability index in New Hampshire stood at just 59 by the end of 2024, compared to 131 in December 2019. In plain terms, the median household income in New Hampshire is now only 59% of what’s needed to qualify for a median-priced home. That affordability gap explains the growing anxiety I see in my work every day. Homeowners and buyers alike are asking the same question: If I had to move, where would I go?
The Reality of Rising Costs
Since 2019, home prices in New Hampshire ...
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Friday, January 3, 2025 / by Vanessa Saunders
As 2025 begins, the housing market is showing signs of transition. Active listings hit their highest level since 2020 late last year, but a growing number of homes failed to sell, lingering on the market as expired or “stale” listings. These trends highlight deeper shifts in how the market is functioning—and they’re worth understanding whether you’re a buyer or a seller.
Rising Inventory, But Not Enough Movement
In November 2024, active listings were up 12.1% year over year, according to Redfin. On the surface, that sounds like good news for buyers. However, the data reveals that more than half of these homes remained on the market for at least 60 days without going under contract—the highest share for November since 2019.
So, why aren’t these homes selling?
Overpricing: Many sellers are setting prices too high, based on the market frenzy of past years rather than today’s cooling conditions.
Presentation Issues: Hom ...
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Saturday, December 28, 2024 / by Vanessa Saunders
Whatever you do, start planning. It’s one of the most important conversations you can have with your aging loved ones—or even for yourself. With so many Baby Boomers entering their golden years, assisted living homes are becoming increasingly scarce, especially for those requiring medical support or a step-down process for future care.
Taking action now isn’t just practical; it’s an act of love and foresight for the people who matter most. Attorneys, financial advisors, and estate planners are crucial to getting everything in order. But don’t overlook the value of a compassionate, experienced Realtor who understands the delicate balance of managing life transitions.
Why Start Now?
Unexpected events can and do happen. A clear plan can spare your loved ones from navigating complex decisions during difficult times. Talking with aging relatives about their wishes and planning for transitions like downsizing, selling a family home, or moving into assiste. ...
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Saturday, December 28, 2024 / by Vanessa Saunders
Welcome to the world of real estate, where everyone thinks we’re psychic and chaos is part of the job description. As a buyer or seller, you’ve probably asked your Realtor one of these questions:
“How long will it take to sell my house?”
“What’s the market going to look like next month?”
“Should I wait for rates to drop before buying?”
Spoiler alert: If we had a crystal ball, we wouldn’t be here answering these questions—we’d be on a beach somewhere, sipping something with a tiny umbrella. Instead, we’re here, navigating Pandora’s Box (yes, we opened it) that is the real estate market.
The Market: A Crystal Ball in a Funhouse Mirror
Predicting how long it’ll take to sell your home or find your dream house is like trying to predict when your toddler will take their first steps—frustrating, full of guesswork, and occasionally a little magical.
In 2024, the housing . ...
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Friday, December 27, 2024 / by Vanessa Saunders
Buying or selling a home in New Hampshire can feel like learning a new language. With the housing market evolving and 2025 just around the corner, it’s time to master the lingo that will save you time, money, and stress. Whether you’re buying your first home, upgrading, or selling For Sale By Owner (FSBO), understanding these 25 key terms is non-negotiable.
I’ve broken it all down for you—no jargon, no fluff, just what you need to know to navigate your next real estate transaction confidently. Let’s dive in!
1. Agency
Who’s got your back? Spoiler: It’s not always who you think. As your agent, I represent you, but legally, the brokerage is your representative. Clear as mud? Don’t worry, I’ll make it simple.
2. Closing Escrow
It’s not all champagne and keys on closing day! All the action—signing, payments, approvals—happens days before. Let’s get it done right and on time.
3. Conti! ...
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