New Hampshire Housing Market Hits $514,000 Median

The 2024 housing market shows positive growth, with total sales volume across ten counties reaching $18.9 billion, a $1.4 billion increase from 2023, indicating more buyers and sellers are participating. The median price of single-family homes in New Hampshire has surpassed $514,000 for the first time, reflecting a significant rise from previous years, which raises concerns about affordability and inventory shortages in the state. In Redding, California, luxury homes priced at or above $1 million are becoming more attainable due to increased backing for higher mortgage amounts, encouraging interest in upscale properties. Meanwhile, the GemLife Highfields Heights community in Toowoomba, Australia, is attracting attention with its focus on sustainable living and premium design, reflecting a growing trend towards eco-friendly retirement living. The diverse real estate landscape illustrates shifting market dynamics driven by varying regional factors, from luxury developments to affordability crises. Overall, these trends highlight the ongoing evolution of the housing sector as it adapts to consumer needs and economic conditions.