Manchester NH Real Estate Market REPORT April 18, 2022

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

We were flooded with inquiries about the Real Estate market last week. Should we buy now? Should we sell now? What will happen to prices? Interest rates inched up to 5% on average.  What does it all mean? Lets start with interest rates. Basically as they rise, you can get less house for the same amount of money. Your cost to buy rises, meaning the monthly payment for that dream house, is going up.

I hear from some buyers, "we will wait until prices go down". However even as rates rise, values are staying high. The main reason is the intense shortage of homes listed for sale being so low. Prices are stabilizing and may stop rising as rates continue to go up. However, we do not expect to see them go down right away either. We are seeing some new listings coming on the market at low prices we have not seen in 5 years. Some are getting bid up, but there are steals too. I will write about this trend this week. These homes sell quick and your choice of an agent will directly affect if you have a chance.   These changes make who you decide to hire to be your Realtor, more important than ever.

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. All agents are not created equally. Bigger is not better. Experience matters. Choose the Best agent not the biggest. Choose experience over not experienced. Choose Local over National. Please support locally 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. Let me show you there is a difference from one agent to another. 


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Welcome to our WEEKLY wrap up from Monday to Sunday of last week

MARKET REPORT FOR April 18, 2022 

There are 23 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $380,533. The lowest priced home is $179,900. The highest priced home is $759,900.
 
There were 16 New Listings this week.
 
There are 126 SINGLE FAMILY HOMES UNDER CONTRACT
 
There are 12 SINGLE FAMILY HOMES SOLD & CLOSED this week.
 
There are 142 SINGLE FAMILY HOMES SOLD 1/1/22 TO 4/18/2022. The average SALE PRICE is $357,154 The average DAYS ON MARKET is 12. 
 
In 2021 during the same time there were 188 SINGLE FAMILY HOMES SOLD 1/1/21 TO 4/18/2021
 
 
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There are  12 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $289,930. The lowest priced home is $139,000. The highest priced home is $449,900.


There were 6 New Listings this week. 
 
There are 58 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
 
There are 4 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
 
 
There are 88 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 4/18/2022 - The average SALE PRICE is $239,288. The average DAYS ON MARKET is 28 
 
In 2021 during the same time there were  111 CONDOMINIUM STYLE HOMES SOLD 1/1/21 TO 4/18/2021
 
 
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There are 12 MULTI FAMILY HOMES FOR SALE: The average priced home is $867,160. The lowest priced home is $329,000. The highest priced home is $3,289,000. 
 
There are 40 MULTI FAMILY UNDER CONTRACT:
 
There are 3 MULTI FAMILY HOMES SOLD/CLOSED this week.
 
There are 77 MULTI FAMILY HOMES SOLD 01/01/22 to 4/18/2022 The average SALE PRICE is $431,500. The average DAYS ON MARKET is 16. 
 
In 2021 during the same time there were  72 MULTI FAMILY HOMES SOLD 1/1/21 TO 4/11/2021
 
 
* Data from NNEREN, subject to change, error or omission

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The SECRET to 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.

 

 

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 37 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. 

 

    

 

#Manchester #RealEstate #ScottSellsNHdotCOM #ScottSellsNH

Comments (4)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the real estate information.

Buyers and sellers in your area will benefit from your expertise.

Wishing you continued success. bill

Apr 18, 2022 05:54 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Manchester home buyers and sellers are sure to value your real estate market report, Scott.

Apr 18, 2022 08:28 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and enjoy your day!

Apr 19, 2022 07:27 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Scott,
Thank you for sharing the Manchester market information.
Buyers and sellers in your area will benefit from your expertise.
Wishing you continued success.
Bob

Apr 19, 2022 07:37 PM