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By Greg McCarthy

Greg McCarthy is a Broker and co-owner of The McCarthy Group at Keller Williams Realty Metropolitan in New Hampshire. Greg’s been a REALTOR in New Hampshire since 1999. He’s passionate about having helped over a thousand families with their home ownership needs throughout Southern New Hampshire.

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Housing inventory remains one of the main things that people are curious about. Recently, a lot of people have been asking me what factors affect New Hampshire’s inventory. I’d like to share with you four factors that influence the housing supply in our area:

1. Interest rates. Based on Redfin, 86% of residents in New Hampshire with existing mortgages have an interest rate below 5%. This is what motivates people to put their homes on the market, especially if they are experiencing one of the five D’s: death, divorce, diploma, diapers, and debt.

2. Affordable housing. According to recent reports, New Hampshire needs to have more than 23,000 new affordable housing units to meet today’s housing demands. This demand is expected to increase to 90,000 housing units by 2040.

“New residents are attracted to moving to New Hampshire due to remote work, the growing technology sector, and the quality of life being offered.”

3. Rental vacancy rates. The current rental vacancy rate in our area is 0.6%. The rental market has also become equally or even more competitive than the housing market. The stiff competition is making renters reconsider buying a home rather than continue paying for the rising rental fees.

4. Desirability. New Hampshire is growing at a rapid pace compared to all the states in the Northeast, with almost half of the out-of-state buyers coming from Massachusetts. Surprisingly, the second largest influx of people moving to New Hampshire is from California, then Maine, then Connecticut. New residents are attracted to moving to New Hampshire due to remote work, the growing technology sector, and the quality of life being offered.

For more information about New Hampshire’s real estate market, feel free to reach out. Call or send me an email, and I’ll gladly assist you with your real estate needs.

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