Is the Local Real Estate Market changing?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

The amount of homes currently For Sale in our area just doubled in our Local Manchester NH Real Estate Market. All Spring and into early summer we averaged about 24 homes for sale. This week we hit 48 homes currently For sale right now.

 

In addition, the other major change is that there is NO more Covid Buyers. They have come, purchased and already settled in. The days of offers of $30,000 over asking price, $50,000 over asking and even $100,000 over asking price are over. Our new listings are selling quickly at full price though.

 

BEFORE ANYONE HITS THE PANIC BUTTON when you hear that over all the total sales is down due to that earlier lack of listings to sell. The good news is that Interest rates have began to head down again with market trends. It also means that LOCAL BUYERS now have a chance to get their offers accepted. New listings are picking up. Sales are steady and quick.   

 

The market s still very busy for us here at the Godzyk Real Estate Services. The largest factor i am seeing, is that before local buyers can buy, they need to sell their current home. That means even more listings coming on the market. Our market is strong. With the economy roaring here in NH, i am starting to see an influx of people coming for our great high paying jobs. 

 

 

 

THE MORAL OF THE STORY is that in the end, the most important thing in Real Estate for me is provide GREAT SERVICE. I want to stand out from the crowd. My philosophy is simple. To provide more personal and professional service to guide my clients through each step of the selling and buying process.

 

All agents are not created equal and every consumer should take the time to hire the BEST not just the biggest agent. Let me show you there is a difference. Please Support locally owned and operated business.

 

Locally owned and operated since 1985.

 

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 35 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

Comments (7)

Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Hello Scott,  the market I serve is starting to see a slight shift and cooling down from what it was for so long.  

Jul 21, 2021 08:44 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Scott - it's interesting to read what is happening in the real estate world around the country.  Even in the same market, there are nuances that exist.  

Jul 21, 2021 09:01 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Scott- this is one of the reasons I love reading the different posts...to find out what's going on around the country. And if someone is in the Manchester area and want to know, they need to contact you. 

Jul 21, 2021 11:02 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Scott Godzyk things are still pretty much here.  Buyers are still offering over asking price on every deal I have given a pre-qual letter two.

Jul 21, 2021 12:54 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Inventory is still an issue here.  Homes sell rapidly, at prices considerably over asking price.

Jul 22, 2021 07:21 PM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Glad to hear your market is returning to a more normal market Scott.   I am hoping that is the case here in PHX.  Many of our buyers are from CA and other high tax states and they keep on moving here - thus bidding wars continue.

Jul 23, 2021 02:37 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We are still seeing the low inventory issues around here. It must feel great to experience more balance in the market. 

Jul 24, 2021 06:04 AM