housing market

The $4.2 million sale of a five-bedroom, nine-bathroom Rye residence led 25 houses that sold for at least $1 million, a new September record. Home inventory on the New Hampshire Seacoast is at a five-year high.

Experts point to a lack of turnover and available homes for sale as the main driver behind rising prices.

Lawmakers rallied around legislation that limits local restrictions on accessory dwelling units, parking, and residential development in commercial areas.

Multifamily housing development has been a post-pandemic boon for downtown Manchester, New Hampshire, and interest in luxury apartments has also grown.

The last time the market was considered balanced — when the number of homes for sale roughly matched the number of buyers — was back in October 2016.

Currently, tenants in most apartments in New Hampshire can’t legally be evicted, even at the end of their lease, without a good cause such as failure to pay rent, damaging the property, endangering others or not meeting rental terms. That will change under the new NH state law.

Some of the new laws address accessory dwelling units, mixed-use developments and permitting for new construction.

For the first time in history, the median price of a single-family home in Greater Boston has surpassed $1 million, according to new data released by the Greater Boston Association of Realtors.

The state's median income is $46,197.

The New Hampshire real estate market continues to percolate, with housing prices soaring.