Manchester NH Real Estate Market REPORT May 12, 2021 Update

Welcome to our weekly market report for the Manchester NH Real Estate Market. The Spring Market has exploded. You are seeing Real Estate news on TV, in the newspaper and many people are all talking about how hot the market is.

Whether you are Buying a home or Selling a home, the one FACT is to do well in this market you need an advantage. 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.

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

May 12, 2021 

• There are 18 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 13 New Listings this week.
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• There are 124 SINGLE FAMILY HOMES UNDER CONTRACT
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• There are 11 SINGLE FAMILY HOMES SOLD & CLOSED this week.
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• There are 231 SINGLE FAMILY HOMES SOLD 1/1/21 TO 5/12/2021: The average SALE PRICE is $328,952 The average DAYS ON MARKET is 18. 
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• There are 8 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 68 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
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• There are 8 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
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• There are 145 CONDOMINIUM STYLE HOMES SOLD 1/1/21 TO 5/12/2021: The average SALE PRICE is $208,284. The average DAYS ON MARKET is 20 
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• There are 25 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 61 MULTI FAMILY UNDER CONTRACT:
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• There are 6 MULTI FAMILY HOMES SOLD/CLOSED this week.
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• There are  91 MULTY FAMILY HOMES SOLD 01/01/21 to 5/12/2021: The average SALE PRICE is $425,071. The average DAYS ON MARKET is 24. 
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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. 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. 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. 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.