Manchester NH Real Estate Market REPORT May 9, 2022

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

The Real Estate Market continues to change. New listings as well as the amount of homes on the market increased. Interest rates ticked up again. We are seeing a steady amount of relocations to our area and a steady amount of first time buyers. The fact most people are not getting is that the longer you wait, the more it will cost you to buy with these higher interest rates. Many agents are changing brokerages looking for more clients. 

Many home sellers are now wondering if they waited too long to sell. Bidding wars are dwindling. The amount of buyers is decreasing as a whole. There is BIG differences from town to town and neighborhood to neighborhood. Great school districts and desired neighborhoods are still seeing a good amount of action. Over priced homes are now starting to sit in other areas.

Buyers are starting to get deals when they do it right. Buyers are getting more homes to choose from. It does depend on whether the buyers are getting the advice and help they deserve though. 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 May 9, 2022 

There are 33 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 20 New Listings this week.
 
There are 121 SINGLE FAMILY HOMES UNDER CONTRACT
 
There are 10 SINGLE FAMILY HOMES SOLD & CLOSED this week.
 
There are 199 SINGLE FAMILY HOMES SOLD 1/1/22 TO 5/9/2022. The average SALE PRICE is $357,154 The average DAYS ON MARKET is 12. 
 
In 2021 during the same time there were 231 SINGLE FAMILY HOMES SOLD 1/1/21 TO 5/9/2021
 
 
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There are  14 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 7 New Listings this week. 
 
There are 52 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
 
There are 13 CONDOMINIUM STYLE HOMES SOLD & CLOSED this week.
 
 
There are 123 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 5/9/2022 - The average SALE PRICE is $239,288. The average DAYS ON MARKET is 28 
 
In 2021 during the same time there were  148 CONDOMINIUM STYLE HOMES SOLD 1/1/21 TO 5/9/2021
 
 
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There are 20 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 5 MULTI FAMILY HOMES SOLD/CLOSED this week.
 
There are 90 MULTI FAMILY HOMES SOLD 01/01/22 to 5/9/2022 The average SALE PRICE is $431,500. The average DAYS ON MARKET is 16. 
 
In 2021 during the same time there were  89 MULTI FAMILY HOMES SOLD 1/1/21 TO 5/9/2021
 
 
* 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 (6)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Scott - we are see a subtle shift.  It remains to be seen how big it will be.

May 09, 2022 05:54 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your week!

May 09, 2022 06:31 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

May 09, 2022 07:12 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Scott and Thank You for the great information you are sharing with us here in the Rain.  Make it a great week!

 

May 09, 2022 09:42 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

May 09, 2022 12:04 PM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

The market is definitely changing and we are seeing this each week. Some sellers are going to get caught out thinking the market is still hot when it has cooled a lot. opportunities are starting to arise for buyers.

May 09, 2022 01:15 PM