Seacoast Real Estate Sees Mixed February Results, Single-Family Sales Hit 16-Year Low

PORTSMOUTH, NH — The Seacoast real estate market presented mixed results in February, with single-family home sales reaching their lowest monthly level in at least 16 years, according to statistics released by the Seacoast Board of Realtors.

This reduction occurred despite a 9.5 percent increase in available inventory.

By contrast, the condominium market experienced its best February for sales since 2021. The 13 Sample Seacoast Towns included in the report are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.

The median price for a single-family home in February dropped to $710,000, a decrease of over $300,000 from last month's record-breaking figure. This price is the lowest since September 2024 and 14 percent below last year's median. There were 22 single-family transactions, which is 18.5 percent fewer than last year and the fewest ever recorded for the month.

The largest single-family sale was a 3,728-square-foot home in Stratham at 4 Tilton Drive, which sold for $2 million. February saw only four closings exceeding $1 million, significantly fewer than the 25 sales over $1 million reported last month.

The condominium market, however, showed strength with a median price of $517,500, down 7.5 percent from 2025. This strong performance occurred despite a 15.7 percent drop in inventory. The largest condominium sale was a unit at 163 Little Harbor Road, New Castle, in the Wentworth Marina, which sold for $4.5 million. This represents the second-biggest condominium sale ever in New Castle.

For the first two months of 2026, single-family sales are up 8.6 percent, though the median price has dropped 3.1 percent to $800,000. Condominium sales for the same period are up 50% with a median sale price of $592,500, an increase of 15 percent from last year.

“Certainly, February was a mixed bag as the first two months of the year usually are.” Seacoast Board of Realtors President Ryan Kaplan said. “We have a complicated economic climate now. Still, if interest rates and prices continue to moderate, we should experience a solid spring market.”