Manchester NH Real Estate Market REPORT Aug. 15, 2022

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394
As Summer winds down, the Real Estate market continues to change. Sales are slowing, inventory has increased slightly and Interest rates fell again slightly. Prices have leveled off but remain string. Condition and location are affecting values largely. The amount of time a home is staying on the market is increasing. Homes are not automatically selling just because they are put on the market.
 
Consumer complaints and stress are up. You as a consumer have a choice. Not all agents are created the same. Experience matters more than ever as the market changes. Knowing what to expect next. Knowing how to approach these changes. Knowing how to better guide you as a buyer or seller through these changes matters and comes with experience. Many would be BUYERS think interest rates are making a new home purchase out of reach and that is just not so. If you are thinking of buying a home, reach out to me to get pre-qualified at no cost with a trusted local lender. Let us show you what price range you can afford and what the costs will be so you can decide if now is the time to purchase is right for you.
 
The amount of homes in Foreclosure has risen. If you are behind in your mortgage you have choices right now. We can explain what options may be available to you if you are behind in your mortgage. We also have an increase in divorce listings and Estate sales.
 
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. There are so many agents. SO many new agents and so many who have not ever experienced a market change in the last 10 years. Listing with a well experienced agent matters and should matter in your choice of who you hire.
 
 
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 August 15, 2022
 
There are 61 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $425,000. The lowest priced home is $200,000. The highest priced home is $950,000.
There were 20 New Listings this week.
There are 121 SINGLE FAMILY HOMES UNDER CONTRACT
There are 16 SINGLE FAMILY HOMES CLOSED this week.
There are 457 SINGLE FAMILY HOMES SOLD 1/1/22 TO 8/15/2022. The average SALE PRICE is $402,436 The average DAYS ON MARKET is 9.
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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 7 New Listings this week.
There are 64 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 10 CONDOMINIUM STYLE HOMES CLOSED this week.
There are 242 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 8/15/2022 - The average SALE PRICE is $263,824. The average DAYS ON MARKET is 15
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There are 31 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 44 MULTI FAMILY UNDER CONTRACT:
There are 2 MULTI FAMILY HOMES CLOSED this week.
There are 176 MULTI FAMILY HOMES SOLD 01/01/22 to 8/15/2022 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 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.
You can search for Manchester area Homes For Sale by going to www.ScottSellsNH.com

Comments (1)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Aug 15, 2022 09:20 PM