The Manchester NH Real Estate Market 2023 vs 2022 - March 27, 2023 REPORT. Everywhere I go people ask me how the Real Estate Market is. Lets look at the stats which will surprise you, shock some and amaze others.
With SINGLE FAMILY HOMES the amount of Sales year to date to today is only 6 less homes. However there is a sharp shortage of homes considered affordable to most currently listed. Even though the days on market increased from 10 to 25, Home Values have sky rocketed from last years average of 369k to this years average of 418k.
With CONDOMINIUM HOMES the amount of Sales this year to date was 57 compared to a year ago that was 76. today. Days on market increased from 22 to 28. Home Values have sky rocketed from last years average of 249k to this years average of 295k.
With MULTI FAMILY HOMES the amount of Sales this year to date was 58 compared to a year ago that was 88. today. Days on market increased from 45 to 66. Home Values have sky rocketed from last years average of 528k to this years average of 434k.
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The Spring Real Estate Market is under way. There is a sharp shortage of homes For Sale as we see more buyers than homes to sell them. We are seeing lines at open houses. We are seeing multiple offers again. We have also seen buyers starting to waive inspections and contingencies again on some offers. We are also seeing an increase in first time buyers. Yes, rates are higher, but there are deals for buyers when you know where to look.
CHECK OUT THE NUMBERS FROM 2022 TO 2023
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MARKET REPORT FOR March 27, 2023
2023 SALES - There are 100 SINGLE FAMILY HOMES SOLD 1/1/23 TO 03/27/2023. The average SALE PRICE is $418,230. The average DAYS ON MARKET is 25.
2022 SALES - There are 106 SINGLE FAMILY HOMES SOLD 1/1/22 TO 03/27/2022. The average SALE PRICE is $369,806. The average DAYS ON MARKET is 10.
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There are 23 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $513,359. The lowest priced home is $212,000. The highest priced home is $843,000. The average DAYS ON MARKET is 58
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2023 SALES - There are 57 CONDOMINIUM STYLE HOMES SOLD 1/1/23 TO 03/27/2023. - The average SALE PRICE is $295,998. The average DAYS ON MARKET is 28
2022 SALES - There are 76 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 03/27/2022. - The average SALE PRICE is $249,801. The average DAYS ON MARKET is 22
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There are 11 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $367,161. The lowest priced home is $228,000. The highest priced home is $559,900. The average DAYS ON MARKET is 38
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2023 SALES - There are 58 MULTI FAMILY HOMES SOLD 1/1/2023 TO 3/27/2023. - The average SALE PRICE is $528,740. The average DAYS ON MARKET is 66.
2022 SALES - There are 88 MULTI FAMILY HOMES SOLD 1/1/2022 TO 3/27/2022. - The average SALE PRICE is $434,381. The average DAYS ON MARKET is 45.
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There are 17 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.
* 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
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