Manchester NH Real Estate Market REPORT July 4, 2022

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

After 4 weeks of an increase in homes coming on the market, last week saw a decline in new listings. As you know, Interest rates remain up. We are seeing some houses sell fairly quickly while other homes stay on the market longer. We are seeing more price reductions in some areas for homes that were over priced. Values in the Condo Market are now stationary while single family homes are still increasing slightly in value. With a shortage of new listings, we do not expect a sharp decrease in prices anytime soon as demand outpaces homes for sale. We saw a new trend in multi family homes with more than ever being listed and sold now. Many investors are looking to cash out while prices are on top. 

 

PEOPLE ASK WHEN THE "CRASH IS COMING"? The first thing you should know is a "CRASH" like we saw in 2008 is not on the horizon. Let me tell you why... Banks are still lending money. Banks are not going out of business like 2007. Then most important is there is no wave of immediate Foreclosures to tank the market. The frustrating part is we see, hear and read so many different opinions, most not based on current condition or past facts. Therefore when interviewing an agent ask" Are you a full time real estate agent? How experienced are you? Will you be available when i call you with questions? How different or similar do you see todays market with the market of 2007/2008? 

 

For those LOOKING TO SELL THEIR HOME. If you are thinking of selling this year, now is the time. Contact me to learn what your home is worth in today's market. We are seeing an increase in unsold homes and sellers are completely unaware what is really happening with our market. We are seeing home inspections once again. We are seeing buyers asking for closing credits. Knowing what to expect and how to negotiate is a must and that comes from hiring an experienced agent like me who can navigate the market changes with you.

 

For HOME BUYERS, yes interest rates have come up, but it could cost less to buy now than it will in the future with the promise of more interest rate hikes by the fed. Contacting me to get started in the buying process can save you money, time and stress. Lets start by saying it can cost a heck of a lot less to own a home than rent the same home. Banks are getting tougher meaning it may be easier to get a mortgage now than in the future. With an increase in new listings, buyers have a good choice of homes to see. There are ways to get a lower rate.  

 

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 July 4, 2022 

There are 44 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 13 New Listings this week.
 
There are 131 SINGLE FAMILY HOMES UNDER CONTRACT
 
There are 33 SINGLE FAMILY HOMES CLOSED this week.
 
There are 351 SINGLE FAMILY HOMES SOLD 1/1/22 TO 7/4/2022. The average SALE PRICE is $396,504 The average DAYS ON MARKET is 9. 
 
 
 
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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 5 New Listings this week. 
 
There are 50 CONDOMINIUM STYLE HOMES UNDER CONTRACT:  
 
There are 18 CONDOMINIUM STYLE HOMES CLOSED this week.
 
 
There are 196 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 7/4/2022 - The average SALE PRICE is $260,617. The average DAYS ON MARKET is 15
 
 
 
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There are 32 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 39 MULTI FAMILY UNDER CONTRACT:
 
There are 16 MULTI FAMILY HOMES CLOSED this week.
 
There are 148 MULTI FAMILY HOMES SOLD 01/01/22 to 7/4/2022 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.

 

 

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. 

 

    

 

#Manchester #RealEstate #ScottSellsNHdotCOM #ScottSellsNH

Comments (6)

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

 Hi Scott - this is not when wild speculation and overbuilding abounded.  We will continue to have a good market.

Jul 04, 2022 06:20 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for the post and have a wonderful Fourth today. Bill 

Jul 04, 2022 06:27 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and enjoy the holiday!

Jul 04, 2022 07:47 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Agreed Grant Schneider. The market of today and 2007/2008 are completely different. Prices here skyrocketed on SFR and investment properties the last 2 months alone since rates went up. 

Jul 04, 2022 09:29 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Scott Godzyk excellent market report again.

I hope you have a very special 4th of July today!!!

Jul 04, 2022 11:05 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jul 04, 2022 02:25 PM