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Manchester NH Real Estate Market REPORT Jan. 2, 2023

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

Manchester NH Real Estate Market REPORT Jan. 2, 2023. Happy New Year to our our faithful readers. The question most asked the last couple of days does "New Year" mean "a New Market?" The simple answer is no, the market has already changed. We saw 4-5 times more listings hit the market in fall. We saw prices level off as interest rates went up. Then Thanksgiving came and we saw a sharp decline in listings once again. We are still a market in transformation.

 

The next question is "WHAT CAN WE EXPECT IN REAL ESTATE FOR 2023? Let me check MY CRYSTAL BALL and see what it says for 2023. Look for Interest rates to hold steady or even come down a little with the slow down in new mortgage starts for the first quarter. Look for a sharp increase in new listings as winter winds down. Look for a steady amount of buyers looking to purchase as banks are ready to give mortgages. 


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 Jan. 2, 2023

There are 31 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $465,298. The lowest priced home is $199,000. The highest priced home is $843,900. The average DAYS ON MARKET is 38


There were 2 New Listings this week.
There are 50 SINGLE FAMILY HOMES UNDER CONTRACT
There are 9 SINGLE FAMILY HOMES CLOSED this week.
There are 792 SINGLE FAMILY HOMES SOLD 1/1/22 TO 12/31/2022. The average SALE PRICE is $404,594 The average DAYS ON MARKET is 13.

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There are 20 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 5 New Listings this week.
There are 27 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 4 CONDOMINIUM STYLE HOMES CLOSED this week.
There are 408 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 12/31/2022 - The average SALE PRICE is $258,136. The average DAYS ON MARKET is 13

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There are 8 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 16 MULTI FAMILY UNDER CONTRACT:
There are 7 MULTI FAMILY HOMES CLOSED this week.
There are 281 MULTI FAMILY HOMES SOLD 01/01/22 to 12/26/2022 The average SALE PRICE is $506,692. The average DAYS ON MARKET is 22.

* 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

#RealEstate#ScottSellsNHdotCOM#ScottSellsNH

Comments(3)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Scott, have a wonderful Holiday today, “Drop the last year into the silent limbo of the past. Let it go, for it was imperfect, and thank God that it can go.” KJM

Happy New Year!

Bill

Jan 02, 2023 07:09 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your week!

Jan 02, 2023 07:24 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 03, 2023 01:42 PM