For the first time in a decade, median price drops from May to June
In a departure from a 10-year trend, the June median price for a single-family home in New Hampshire dropped from what it was in May.
Analysts at the New Hampshire Association of Realtors (NHAR) keep an eye on that May-to-June number, because it represents a transition into what is typically the busiest season for residential real estate transactions.
This is the first time in a decade that the median actually dropped from May to June.
From May-June 2026 to May-June 2021, the single-family median price rose an average of $9,660 from one month to the other.
It stayed the same in 2022 — $460,000 in May and $460,000 again in June.
But then, during the post-COVID boom, that May-to-June average from 2023 to 2026 ballooned to $26,000.
So it’s notable that this year, the May median was $575,500 and the June median slipped slightly to $575,000. And, incidentally, that median price over the last 10 years? It’s more than doubled. In fact, it’s almost a 132% increase.
A single month is not enough to fully mark a trend, but Joshua Greenwald, NHAR president and owner/broker of Greenwald Realty in Keene, said the slight drop in the median price from May to June makes him “cautiously optimistic that maybe we’re on to something, which is going to eventually solve our inventory and affordability issue.”
In May, when the median price hit an initial record of $579,900 (then adjusted down to $575,500 after late-arriving sales were figured into the May median), there was concern that the prices might be surging toward $600,000 “So maybe, maybe that was the peak of the mountain,” Greenwald said.
There’s no guarantee that the prices will begin to drop, especially through the summer selling season, but Greenwald doesn’t mind a bit of a break in the month-over-month price increases that have been going on for the last 77 months.
“I don’t mind a nice plateau,” he said. Because of the limited supply of homes on the market these days (around 2,500 last month), even a few sales outside the median can skew the median. NHAR saw this with the May results, having to readjust its preliminary median of $579,900 down by almost $4,000 after lower-priced sales recorded for May were put into the median calculation. If there are a lot of $1 million plus sales in the Seacoast area, it can skew the results the other way.
“If we get a couple months of decreases, then I’ll start to recognize a trend,” Greenwald said. “If we see July, if we see August, then, yes, I think we’re starting to see something, where maybe we’re going to start to see prices level off and decrease hopefully, and then inventory levels will catch up.”
The NHAR reported in a social media post that the median sales price of a single-family home increased in 13 of New Hampshire’s 15 largest municipalities during the first half of 2026.
NHAR said the strongest gains were in Rochester, Goffstown, Nashua, Bedford and Laconia, where median prices climbed by more than 8% in the last six months. Concord and Keene posted increases of 7%.
The two outliers among the state’s largest municipalities were Londonderry and Portsmouth.
Londonderry, with a median singlefamily price of $770,000, saw a 2.2% decline in pricing over the six-month period.
Portsmouth, which had the highest median sales price among the state’s largest municipalities at $822,000, recorded a 12% decline from the first half of 2025.
Among the municipalities, the highest median price belongs to Bedford at $841,000.
Prices in Portsmouth are a contributing factor to the Seacoast Board of Realtors June report that its single-family median of $900,000 is 2.9% ahead of last year and the third straight month that the median sale price has reached $900,000 or more.
