Condo prices in New Hampshire shot up in March compared with a year earlier.
The median sales price hit $214,900 last month, nearly $25,000 more than in March 2018 — a 13.1 percent increase, according to figures from the New Hampshire Association of Realtors.
Fewer single-family homes sold in New Hampshire in March from a year ago, but prices marched higher.
The 1,071 closed homes sales last month represented a 4 percent drop over March 2018, but the median sales price rose from $265,000 in March 2018 to $285,900 last month, a 7.9 percent climb.
The median price represents the point at which 50 percent of something sells for less and 50 percent sells for more.
The market saw 608 fewer homes on the market in March compared with a year earlier.
Pending sales for both condos and homes shot up by double digits.
Hillsborough County, which includes Manchester and Nashua, saw the median sales price for single-family homes rise 11.3 percent in March to $300,000 compared with the previous March. For the first three months of 2019, the median sales price rose 11.1 percent, also to $300,000, compared with those three months last year.
Rockingham County, which includes Portsmouth, rose by 2.7 percent in March to $380,000 and also was 2.8 percent higher for the first three months of 2019.
Coos County, which includes Berlin, saw its median sales price drop by 12.9 percent to $105,000 year-over-year in March. For the January-through-March timeframe, Coos County was down 15 percent to a $96,000 median price compared with $113,000 for the first quarter of 2018.
The rates for a 30-year fixed mortgage hit a U.S. weekly average of 4.17 percent as of April 18, according to Freddie Mac, a company that guarantees mortgages by buying and repackaging them to investors. It hit 4.94 percent last November.