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Manchester NH Real Estate Market REPORT Jan. 16, 2023

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

Manchester NH Real Estate Market REPORT Jan. 16, 2023. Well, January has felt more like spring than winter here in NH. That has people thinking more about Buying or Selling a home than skiing or Ice Skating. Prices are down a little. Interest rates are down a little and the total amount of homes for sale are also down. Our Sales though, are up. The biggest swing is the amount of multi family homes for sale is way down, although potential buyers looking to buy one, is way up. That makes now a great time to list and sell with us.

 

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. 



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Welcome to our WEEKLY wrap up from Monday to Sunday of last week

MARKET REPORT FOR Jan. 16, 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 6 New Listings this week.
There are 38 SINGLE FAMILY HOMES UNDER CONTRACT
There are 7 SINGLE FAMILY HOMES CLOSED this week.

There are 24 SINGLE FAMILY HOMES SOLD 1/1/23 TO 01/16/2023. The average SALE PRICE is $390,269 The average DAYS ON MARKET is 27.


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 12 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 2 New Listings this week.
There are 39 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 2 CONDOMINIUM STYLE HOMES CLOSED this week.

There are 3 CONDOMINIUM STYLE HOMES SOLD 1/1/23 TO 01/16/2023. - The average SALE PRICE is $156,666. The average DAYS ON MARKET is 19


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 12 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 17 MULTI FAMILY UNDER CONTRACT:
There are 1 MULTI FAMILY HOMES CLOSED this week.

There are 2 MULTI FAMILY HOMES SOLD 1/1/2023 TO 01/16/2023. - The average SALE PRICE is $412,500. The average DAYS ON MARKET is 37.

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(5)

Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Your stats look solid ! Are you emailing these out Monthly to your Database / SOI  ?

Jan 16, 2023 06:41 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update in Manchester NH.  It looks pretty much like it is here in Bethesda. Have a great week. 

Jan 16, 2023 06:41 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Scott,

Always good to know the markets in different parts of the country. Your weather has been milder this winter so am sure that has helped keep the interest up for buyers. Your statistics look to be solid and feel your area is doing well.

Jan 16, 2023 07:37 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 18, 2023 12:18 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your weekend!

Jan 21, 2023 06:48 AM