Everyone wants to know what we see in the future for the Manchester NH area Real Estate Market. Let me grab my Crystal Ball and show you the shocking trends in our market. Lets take a look at Sales for 2022 vs 2021 in both Single Family and Condominium homes here in Manchester NH.
- There was 230 less Single Family sales in 2022 than in 2021.
- The average Sales price for Single Family homes is $69,073 (17%) more in 2022 than 2021.
- There was 99 less Condo sales in 2022 than in 2021.
- The average Sales price for Condominiums is $30,400 (11.4%) more in 2022 than 2021.
SUMMARY: The sharp rise in interest rates in July smothered the booming market and nearly all but stopped most August Closings. September saw a sharp rise in new listings and pending sales. The "Fall Market" has been strong despite interest rates. The amount of people asking about selling their home and what we may see in the next year sky rocketed. By far now could be the best time to sell for homeowners. In a normal market the fall market seems to end not long after Halloween.
Most shocking to most is values have still increased this year very sharply even though sales have dropped sharply.
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Manchester NH Real Estate Market 2022 VS 2021
YEAR TO DATE MARKET REPORT as of Sept 20, 2022
There are 504 SINGLE FAMILY HOMES SOLD YEAR TO DATE 1/1/22 to 9/20/22.
The average SALES PRICE is $409,073.
There were 734 SINGLE FAMILY HOMES SOLD YEAR TO DATE 1/1/21 to 9/20/21.
The average SALES PRICE is $340,000.
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There are 254 CONDOMINIUMS SOLD YEAR TO DATE 1/1/22 to 9/20/22.
The average SALES PRICE is $265,942.
There were 353 CONDOMINIUMS SOLD YEAR TO DATE 1/1/21 to 9/20/21.
The average SALES PRICE is $235,551.
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LETS LOOK MONTH TO MONTH 2021 VS 2022 FOR SINGLE FAMILY HOMES
There were 21 SINGLE FAMILY HOMES SOLD YEAR TO DATE 8/1/22 to 8/31/22.
The average SALES PRICE is $399,761.
There were 91 SINGLE FAMILY HOMES SOLD YEAR TO DATE 8/1/21 to 8/31/21.
The average SALES PRICE is $367,750.
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There were 60 SINGLE FAMILY HOMES SOLD YEAR TO DATE 7/1/22 to 7/31/22.
The average SALES PRICE is $406,404.
There were 113 SINGLE FAMILY HOMES SOLD YEAR TO DATE 7/1/21 to 7/31/21.
The average SALES PRICE is $348,238.
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There were 84 SINGLE FAMILY HOMES SOLD YEAR TO DATE 6/1/22 to 6/31/22.
The average SALES PRICE is $406,958.
There were 133 SINGLE FAMILY HOMES SOLD YEAR TO DATE 6/1/21 to 6/31/21.
The average SALES PRICE is $368,676.
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LETS LOOK MONTH TO MONTH 2021 VS 2022 FOR CONDOS
There were 16 CONDOMINIUMS HOMES SOLD YEAR TO DATE 8/1/22 to 8/31/22.
The average SALES PRICE is $250,250.
There were 49 CONDOMINIUMS HOMES SOLD YEAR TO DATE 8/1/21 to 8/31/21.
The average SALES PRICE is $289,891.
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There were 34 CONDOMINIUMS SOLD YEAR TO DATE 7/1/22 to 7/31/22.
The average SALES PRICE is $247,052.
There were 49 CONDOMINIUMS SOLD YEAR TO DATE 7/1/21 to 7/31/21.
The average SALES PRICE is $228,920.
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There were 33 CONDOMINIUMS SOLD YEAR TO DATE 6/1/22 to 6/31/22.
The average SALES PRICE is $290,175.
There were 56 CONDOMINIUMS SOLD YEAR TO DATE 6/1/21 to 6/31/21.
The average SALES PRICE is $240,916.
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You as a consumer have a choice and before rushing into hiring just any agent. You should know that not all agents are created equal nor are all agents 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. Hiring an experienced agent like me who can navigate the market changes with you should be a must. 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 it should matter in your choice of who you hire. Let me show you there is a difference from one agent to another.
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
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