Manchester NH Real Estate Market REPORT Nov. 7, 2022

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394
There are new market changes to report where the shocking statistic is the amount of new single family home listings last week dropped to half of the week before here in the Manchester NH area. The next important stat is the average listing price is now $483,815 up from summer where it was $465.208. The amount of homes going under contract has remained near the same. The amount of condominium's For Sale remained near the same. The amount of Multi Family homes on the market increased last week.
 
We are seeing new listing prices all over the place. Some over priced and some under priced. Yes, you read that correct. Some sellers and their agents are listing their houses lower than they should be. Selling prices are highly affected by both Location and condition. This is when a home owners choice in agent really matters. A local well experienced agent should be able to be more realistic in pricing your property and tell you both how and why they came yo with that value range. You do not need fancy reports or selling scores, you need a realistic price and plan how to get the home sold quickly and the best obtainable price.
 
The two facts are that buyers are still buying and sellers are still selling. Buyer are realizing it can be cheaper to Buy than to rent. Rents in our area are still rising very sharply, Many do not realize the factors that are pulling rents higher. Rising inflation, rising property taxes, near doubling of some insurance, rising interest rates, rising maintenance costs. With such a shortage of apartments, rents will continue upward.
 
 
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 Nov 7, 2022
 
There are 58 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $465,208. 483,815. The lowest priced home is $245,000. The highest priced home is $899,000. The average DAYS ON MARKET is 38
There were 11 New Listings this week.
There are 76 SINGLE FAMILY HOMES UNDER CONTRACT
There are 19 SINGLE FAMILY HOMES CLOSED this week.
There are 690 SINGLE FAMILY HOMES SOLD 1/1/22 TO 11/7/2022. The average SALE PRICE is $407,579 The average DAYS ON MARKET is 11.
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There are 24 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $289,930. The lowest priced home is $144,900. The highest priced home is $750,000. The average DAYS ON MARKET is 29
There were 8 New Listings this week.
There are 38 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 19 CONDOMINIUM STYLE HOMES CLOSED this week.
There are 369 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 11/7/2022 - The average SALE PRICE is $267,204. The average DAYS ON MARKET is 12
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There are 19 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 22 MULTI FAMILY UNDER CONTRACT:
There are 9 MULTI FAMILY HOMES CLOSED this week.
There are 251 MULTI FAMILY HOMES SOLD 01/01/22 to 11/7/2022 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 37 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 (4)

Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Nov 07, 2022 06:45 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Scott and thank you for the great information to share with us here in the Rain.  Make it a great day!

 

Nov 07, 2022 07:20 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Selling the Main Line & Chester County

Love the style of your report with important information stated, an explanation given, and then the stats to back everything up. 

Nov 07, 2022 08:21 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Scott - yes, this is the time that a good listing agent can show their value.

Nov 07, 2022 10:03 AM