Manchester NH Real Estate Market REPORT May 23, 2022

The amount of homes coming on the market increased greatly last week in the Manchester NH area. The amount of single family homes for sale went up sharply last week. The amount of pending sales remained steady. We are seeing home that are not selling the first week they are listed any longer. Being priced too high for their condition or their neighborhood, seems to be the leading reason. Look for this trend to continue,

We are also seeing a trend with banks being tougher on borrowers. the criteria to get a mortgage is stricter. Appraisals are coming in lower. Some warranted but some not warranted. Look for appraisal issues to continue. The one thing that will matter more than ever is the real estate agents ability to handle these lending and appraisal issues now and in the future. Experienced agents will be better situated to handle issues to protect their clients. Always ask how experienced some one actually is.

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. We are seeing new listings not selling when they are over priced. Many home sellers are now wondering if they waited too long to sell. Bidding wars are dwindling. 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. 

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. It is no secret why some offers get accepted and others write from hand-fulls to dozens of offers without being accepted.

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 23, 2022 

There are 42 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 24 New Listings this week.
 
There are 136 SINGLE FAMILY HOMES UNDER CONTRACT
 
There are 15 SINGLE FAMILY HOMES CLOSED this week.
 
There are 226 SINGLE FAMILY HOMES SOLD 1/1/22 TO 5/23/2022. The average SALE PRICE is $389,472 The average DAYS ON MARKET is 10. 
 
 
 
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There are  18 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 67 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
 
There are 8 CONDOMINIUM STYLE HOMES CLOSED this week.
 
 
There are 135 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 5/23/2022 - The average SALE PRICE is $260,888. The average DAYS ON MARKET is 17 
 
 
 
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There are 26 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 43 MULTI FAMILY UNDER CONTRACT:
 
There are 5 MULTI FAMILY HOMES CLOSED this week.
 
There are 104 MULTI FAMILY HOMES SOLD 01/01/22 to 5/23/2022 The average SALE PRICE is $471,239. The average DAYS ON MARKET is 16. 
 
 
 
* 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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