Manchester NH Real Estate Market REPORT April 25, 2022

We saw a sharp increase in New Listings last week. More homes are coming on the market. Interest rates continued to rise to near 5.3%. The predicted change in the market is here. We are also seeing some confusion. In the last couple of weeks when looking at new listings, we saw a few Manchester Listings actually under priced and a few others over priced. Some sellers could have got more while other sellers learned you just can not ask the moon for a property and have buyers throw money at you any more. 

Many new listings are still going under contract in less than a week. However, Other homes are not anymore. Buyers are getting more homes to choose from. It does depend on whether the buyers are getting the advice and help they deserve though.  Many sellers on the other hand wonder if now is the time to sell. Interest rates are only going up.  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 25, 2022 

There are 29 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 22 New Listings this week.
 
There are 126 SINGLE FAMILY HOMES UNDER CONTRACT
 
There are 19 SINGLE FAMILY HOMES SOLD & CLOSED this week.
 
There are 161 SINGLE FAMILY HOMES SOLD 1/1/22 TO 4/25/2022. The average SALE PRICE is $357,154 The average DAYS ON MARKET is 12. 
 
In 2021 during the same time there were 198 SINGLE FAMILY HOMES SOLD 1/1/21 TO 4/25/2021
 
 
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There are  19 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 12 New Listings this week. 
 
There are 54 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
 
There are 13 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
 
 
There are 101 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 4/25/2022 - 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 4/25/2021
 
 
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There are 16 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 41 MULTI FAMILY UNDER CONTRACT:
 
There are 3 MULTI FAMILY HOMES SOLD/CLOSED this week.
 
There are 80 MULTI FAMILY HOMES SOLD 01/01/22 to 4/25/2022 The average SALE PRICE is $431,500. The average DAYS ON MARKET is 16. 
 
In 2021 during the same time there were  76 MULTI FAMILY HOMES SOLD 1/1/21 TO 4/25/2021
 
 
* 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.

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