Manchester NH Real Estate Market REPORT Sept. 26, 2022

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394
The average days on market for Single Family homes currently listed rose from 9 to 38 days here in the Manchester NH area where. The average days on market for Condominium's currently listed rose from 12 to 29 days. The good news, is the amount of both Single Families and condos going under contract last week, remained steady and strong.
 
The amount of new Single Family home listings that are coming on the market remained steady. The amount of new Condominium listings coming on the market rose once again.
 
Interest rates rose sharply, however there are several options for buyers to get lower rates. Let us explain "rate buy downs", FHA, VA, NH Housing and Adjustable rates and how they could benefit you. We can assist you to get pre qualified at no charge with a local and trusted loan officer.
 
 
The "Fall Market" has been very strong despite interest rates. There was a sharp increase in home owners inquiring if they should sell or not. What will happen to prices? How long it would take for them to sell? All great questions and things i am happy to talk to them about. There is much confusion among consumers what to do.
 
The amount of homes entering in the foreclosure process inched up again. If you are behind in your payments there may be help, just reach out so I can go over your options. Don't let the bank take your equity.
 
On another note the amount of both first time buyers and relocation buyers to NH remained strong.
 
You as a consumer have a choice and before rushing into hiring just anyone. You should know that 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. 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.
 
 
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Welcome to our WEEKLY wrap up from Monday to Sunday of last week
MARKET REPORT FOR Sept 26, 2022
 
There are 45 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $465,208. The lowest priced home is $235,900. The highest priced home is $925,000. The average DAYS ON MARKET is 38
There were 17 New Listings this week.
There are 100 SINGLE FAMILY HOMES UNDER CONTRACT
There are 17 SINGLE FAMILY HOMES CLOSED this week.
There are 580 SINGLE FAMILY HOMES SOLD 1/1/22 TO 9/26/2022. The average SALE PRICE is $407,579 The average DAYS ON MARKET is 11.
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There are 28 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $289,930. The lowest priced home is $130,000. The highest priced home is $725,000. The average DAYS ON MARKET is 29
There were 10 New Listings this week.
There are 58 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 8 CONDOMINIUM STYLE HOMES CLOSED this week.
There are 300 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 9/26/2022 - The average SALE PRICE is $267,204. The average DAYS ON MARKET is 12
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There are 30 MULTI FAMILY HOMES FOR SALE: The average priced home is $624,670. The lowest priced home is $315,900. The highest priced home is $3,589,000.
There are 39 MULTI FAMILY UNDER CONTRACT:
There are 7 MULTI FAMILY HOMES CLOSED this week.
There are 209 MULTI FAMILY HOMES SOLD 01/01/22 to 9/26/2022 The average SALE PRICE is $502,001. The average DAYS ON MARKET is 17.
* Data from NNEREN, subject to change, error or omission
 
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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.
 
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.
 
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 (7)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Scott. Steady is key. One way for you to remain steady is to grab a bigger share of the pie should the pie become smaller. Bet you adjust accordingly. Enjoy your day.

Sep 26, 2022 05:36 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Scott,

Even those days on market are longer, your number of homes selling have not gone down..steady is always the way you want to see the market.

Sep 26, 2022 06:01 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

I enjoy following the Manchester market, my old stomping grounds. Happy Monday, here's to a productive day. Sell a house. Bill

Sep 26, 2022 06:12 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Scott - looks like those buyers who were shut out are out there buying before rates go higher.

Sep 26, 2022 06:45 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update!  I enjoy seeing everything that is going on around the country in the different markets! 

 

Sep 26, 2022 03:57 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Sep 28, 2022 07:42 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and enjoy your day!

Oct 29, 2022 08:41 AM