Real Estate Market Report for Manchester NH Nov. 27, 2023

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

Manchester NH Real Estate Market REPORT Nov. 27, 2023.  Interest rates came down again last week. Some Buyers who decided to wait, seem to be coming back to look again.  Lets look at some trends from last week.

LETS TAKE A LOOK AT SOME TRENDS:

Mortgage interest rates Declined again last week. 

The amount of Listings is staying about the same, but amount of pending sales is declining. 

The amount of new buyer inquiries was up again last week. 

The amount of Sellers asking about Listing or waiting until the New Year was up.

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WHAT DO THESE TRENDS MEAN:  With a decline in interest rates many buyers were inspired to inquire about starting a home search. It also inspired a wave of new offers the last couple of weeks. Sadly, many listings currently on the market are over priced. It is tough for sellers to learn that values have come down in some areas. Many sellers want to base their homes values on what they saw last summer or last year. The best 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.

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. 27, 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 8 New Listings this week.
There are  60 SINGLE FAMILY HOMES UNDER CONTRACT
There are 19 add SINGLE FAMILY HOMES CLOSED this week.

2023: There are 612 SINGLE FAMILY HOMES SOLD 1/1/23 TO 11/27/2023. The average SALE PRICE is $419,290. The average DAYS ON MARKET is 14. 

2022:There are 723 SINGLE FAMILY HOMES SOLD 1/1/22 TO 11/27/2022. The average SALE PRICE is $405,308. The average DAYS ON MARKET is 13.


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There are 19 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 3 New Listings this week.
There are 40 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 12  add to  CONDOMINIUM STYLE HOMES CLOSED this week.

2023: There are 294 CONDOMINIUM STYLE HOMES SOLD 1/1/23 TO 11/27/2023. - The average SALE PRICE is $304,666. The average DAYS ON MARKET is 15


2022: There are 383 CONDOMINIUM STYLE HOMES SOLD 1/1/22 TO 11/27/2022. - The average SALE PRICE is $269,519. The average DAYS ON MARKET is 13


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There are 21 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 2 new Listings last week.

There are 34 MULTI FAMILY UNDER CONTRACT:

There was 6 new CLOSINGS last week.

There are 194 MULTI FAMILY HOMES SOLD 1/1/2023 TO 11/27/2023. - 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. Experience matters. Choose the Best agent not the biggest. Bigger is not better.  Choose experience over not experienced. Choose Local over National. Please support locally owned businesses and chose us, your home town Realtors 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.

When you are ready to sell, call us for some of the best service and most experience during your home selling journey. 


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 (4)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Scott Godzyk  nice of you to share the market in your part of the world, I have had a craving for Lobster and I always think of Maine & New Hampshire for the good stuff:)Endre

Nov 27, 2023 10:27 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Thanks for sharing your market update.  Great information for buyers and sellers in your area.
Nov 28, 2023 04:04 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Manchester NH sounds like a great place to live!  Thanks for updating us about what the market is like. 

Nov 28, 2023 04:10 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Nov 28, 2023 08:07 PM