Manchester NH Real Estate Market REPORT March 29, 2021 Update

Welcome to our weekly market report for the Manchester NH Real Estate Market. Last week saw the largest increase in new listings we have seen a couple of years.

We are also hearing a new trend of sales falling through. Appraisals coming in lower than sales prices and many inspections not passing where the buyer wants a sharp price decrease.

If you have been thinking of Buying or Selling, STOP. Call me first. I have some answers that can save you time, money and stress. Who you hire to list and sell your home does matter. Selling is not all about price. It is about you being comfortable, updated and knowing you will be well taken care of through out each step of the selling process.

Many people are asking when the perfect time to sell is? That time is now. Interest rates ticked up again A trend we may see continue. That means buyers who whe were waiting to buy, better get off the fence. There are new listings coming on the market and you can SEARCH THE MLS by clicking here to see what is For Sale.

DOES IT MATTER WHICH REALTOR I USE? The short answer is YES. It matters. There is great difference from one agent to agent another though. Support localy owned businesses and chose us, your home town Realtor for 35 years who offers some of the most personal and professional service there can be. We stand by you through each step of the buying or selling process.

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Welcome to our WEEKLY Wrap up of Real Estate from Monday to Sunday of last week.

MARKET REPORT

March 29, 2021 

• There are 27 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $328,715. The lowest priced home is $140,000. The highest priced home is $699,900.
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• There were 19 New Listings this week.
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• There are 83 SINGLE FAMILY HOMES UNDER CONTRACT
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• There are 14 SINGLE FAMILY HOMES SOLD & CLOSED this week.
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• There are 154 SINGLE FAMILY HOMES SOLD 1/1/21 TO 3/29/2021: The average SALE PRICE is $331,008 The average DAYS ON MARKET is 21. 
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• There are 11 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $256,277. The lowest priced home is $110,000. The highest priced home is $434,900.
  • There were 5 New Listings this week. 
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• There are 69 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
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• There are 1 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
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• There are 87 CONDOMINIUM STYLE HOMES SOLD 1/1/21 TO 3/29/2021: The average SALE PRICE is $195,577. The average DAYS ON MARKET is 28 
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• There are 22 MULTI FAMILY HOMES FOR SALE: The average priced home is $337,717. The lowest priced home is $110,000. The highest priced home is $2,690,000. 
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• There are 44 MULTI FAMILY UNDER CONTRACT:
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• There are 2 MULTI FAMILY HOMES SOLD/CLOSED this week.
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• There are  56 MULTY FAMILY HOMES SOLD 01/01/21 to 3/29/2021: The average SALE PRICE is $415,624. The average DAYS ON MARKET is 20. 
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• * Data from NNEREN, subject to change, error or omission

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WHAT MAY WE SEE LATER IN 2021?

For HOME BUYERS, now may be the best interest rates they ever see. That means they get "more house" for a lower monthly payment. There are new listings hitting the market. With a decrease in listings, it can take hiring the BEST buyer agents willing to work with them to not only find them, but get their purchase closed. Economists are already forecasting an increase in interest rates. Waiting could cost you more money as a buyer. 

For HOME SELLERS, now could be the best time to sell with very few listings as competition. Prices have stabilized. Bidding wars are more rare. Appraisers are causing chaos with appraisals coming in lower than selling prices. What does this all mean for would be home sellers you ask? It means pricing the home correctly is important. Over priced homes are not selling. Even if you find a buyer, appraisers are squashing deals by using lower valued sales. It means listing now with little competition, may get you full market price now. Your choice of who to list with means everything. The days of placing a for sale sign up and the house sells itself are over. You need an agent who works for you through each step of the selling process. Here in NH, that is me. A full service locally owned brokerage who can show you there is a difference between agents. 

ARE YOU BEHIND IN YOUR MORTGAGE PAYMENTS? We may be able to help.The protections for people who are behind will becoming to an end. You have options, but the time to wait to hear them is running out. We can help... There is options to save your home. There are options to being you current again. For those with no ability to begin making monthly payment again, you have your equity. Do not let the bank take it. You can sell now at full price and cash in on your equity to move forward and build your future. Please call or email today as each day reduces your option. From full price offers to quick cash closings, we do it all. 

THE SECRET OF SUCCESS and the key to having a successful purchase of sale, can increase simply by choosing a better agent. The secret is, that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. I leave you with now infamous philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.

PLEASE CALL US FOR A FREE MARKET ANALYSIS TO SEE WHAT YOUR HOME IS WORTH.