Real Estate Market Report for Manchester NH Nov. 13, 2023

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

Manchester NH Real Estate Market REPORT Nov. 13, 2023.  The biggest news from the week was the sharp reduction in interest rates. It gave a nice boost to market activity this week with a sharp rise in homes going under contract. Lets look at some trends then we can go over what they mean.

LETS TAKE A LOOK AT SOME TRENDS:

The amount of Homes under contract were up last week. 

Listing Prices are down - but a lot of listings remain on the market over priced. 

Average listed Single Family List price is down nearly $30,000 since July

Average Single Family Sale price down nearly $7,000 since July

Average Single Family Sale price up nearly $14,000 from 2022

There were 133 less Single Family homes sold this year 2023 from last year 2022

in Manchester

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Average listed Condo List price is down nearly $24,000 since July

Average Condo Sale price is up $3,500 since July

There were 94 less Condos sold this year 2023 from last year 2022 in Manchester

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WHAT DO THESE TRENDS MEAN:  The largest tip to anyone who has a home on the market or is thinking of selling is getting a current valuation of what their property is worth today. You can not look at what homes sold for over the summer or even last year, the market has changed.  You need today's value.

We have seen more homes coming for sale. Most home owners will tell you they can not sell until they find a house to buy. Yes it is possible and we guide you through each step of the buying and selling process.

MANY ASK WHAT THE DIFFERENCE IS FROM ONE AGENT TO ANOTHER IS? As with a changing market, you will find an Agents experience matters the most. In brief the differences can be great. Experience Matters more than ever. Communication Matters. The ability to work with you each step of the Buying or Selling service. Let us show you there is a difference. Many newer agents have never dealt with a changing market. Many have not dealt with high interest rates and tough bank conditions for getting a mortgage. Again, this is where experience can shine, 

PLEASE SUPPORT LOCAL BUSINESS!!!

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

MARKET REPORT FOR Nov. 13, 2023

There are 38 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $472,291. The lowest priced home is $275,000. The highest priced home is $829,000. The average DAYS ON MARKET is 26


There were 12 New Listings this week.
There are  88 SINGLE FAMILY HOMES UNDER CONTRACT
There are 3 add SINGLE FAMILY HOMES CLOSED this week.

2023: There are 568 SINGLE FAMILY HOMES SOLD 1/1/23 TO 11/13/2023. The average SALE PRICE is $419,290. The average DAYS ON MARKET is 14. 

2022:There are 701 SINGLE FAMILY HOMES SOLD 1/1/22 TO 11/13/2022. The average SALE PRICE is $405,308. The average DAYS ON MARKET is 13.


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There are 21 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $315,937. The lowest priced home is $144,500. The highest priced home is $630,000. The average DAYS ON MARKET is 32

There were 6 New Listings this week.
There are 43 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 2  add to  CONDOMINIUM STYLE HOMES CLOSED this week.

2023: There are 280 CONDOMINIUM STYLE HOMES SOLD 1/1/23 TO 11/13/2023. - The average SALE PRICE is $304,666. The average DAYS ON MARKET is 15


2022: There are 376 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 11/13/2022. - The average SALE PRICE is $269,519. The average DAYS ON MARKET is 13


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There are 28 MULTI FAMILY HOMES FOR SALE: The median priced home is $635,000. The lowest priced home is $399,900. The highest priced home is $4,500,000.

There was 3 new Listings last week.

There are 31 MULTI FAMILY UNDER CONTRACT:

There was 5 new CLOSINGS last week.

There are 184 MULTI FAMILY HOMES SOLD 1/1/2023 TO 11/13/2023. - The average SALE PRICE is $562,267. The average DAYS ON MARKET is 20.



* 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.


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)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Scott... nice to "see" you. It's been a while. Thanks for keeping us up-to-date on Manchester real estate trends. They are not dissimilar from many cities all around the nation.

Nov 13, 2023 08:49 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Nov 15, 2023 06:57 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Scott all I can do is echo Nina Hollander, Broker  comment, Endre

Nov 20, 2023 10:27 PM