Manchester NH Real Estate Market REPORT March 18, 2024.  Welcome back to our weekly post with what is going on in our Market. There is so many changes in our market and to Real Estate Over all and since last week. First lets briefly go over the NAR SETTLEMENT and what it really means for NH Sellers and Buyers. Here in NH it is already mandatory that a buyer signs a "Buyer Agency" agreement. (That will not change). What will change is that a buyer who does not have a buyer agent, will have to sign an agreement with an Agent to see a property they want to see before seeing it. Here in NH, a buyer already has to sign an "Agency Agreement" before seeing a home. The new forms are not even ready yet to be able to know fully, but the thought is the new form will have to state how the Buyer pay... 03/18/2024

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.-------------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 to... 11/27/2023

Manchester NH Real Estate Market REPORT Nov. 20, 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:Mortgage interest rates Declined sharply last week. The amount of new buyer inquiries was up sharply. The amount of Sellers asking about Listing or waiting until the New Year was up.There are have been a sharp increase in obstacles for homes under contract. i.e. Inspections, buyer mortgages and buyers backing out. -------------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 ... 11/20/2023

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 JulyAverage Single Family Sale price down nearly $7,000 since JulyAverage Single Family Sale price up nearly $14,000 from 2022There were 133 less Single Family homes sold this year 2023 from last year 2022in Manchester-----Average listed Condo List price is down nearly $... 11/13/2023

Manchester NH Real Estate Market REPORT Nov. 6, 2023.  We have seen some big changes in our market this fall. Lets look at some trends then we can go over what they mean.LETS TAKE A LOOK AT SOME TRENDS:There are nearly twice as many homes For Sale since JulyAverage listed Single Family List price is down nearly $30,000 since JulyAverage Single Family Sale price down nearly $7,000 since JulyThere were 127 less Single Family homes sold this year 2023 from last year 2022in Manchester-----Average listed Condo List price is down nearly $24,000 since JulyAverage Condo Sale price is up $3,500 since JulyThere were 94 less Condos sold this year 2023 from last year 2022 in Manchester------Home Prices over all are falling. Location and condition matter greatly.Some Homes are being Sold too low whe... 11/06/2023

Manchester NH Real Estate Market REPORT July 10, 2023.  We have seen some big swings in our market since January. Lets look at some trends then we can go over what they mean.LETS TAKE A LOOK AT SOME TRENDS:The Amount of  Single Family homes on the market has risen from an average of 20 to 33.The average Listed price on Single Family homes has risen $25,000 on averageThe average Sales price on Single Family homes has risen $6,000 on averageThe average  Sales price  on Condos Listed dropped by  $15,000The Amount of  Condos For Sale has fallen by half.-------Home Prices are fluctuating sharply. Location and condition matter greatly.Some Homes are being Sold too low when not priced right.Lots of home sales under contract are falling through.Yes, there are deals out there for buyers.--------... 07/10/2023

IS IT POSSIBLE? Multiple offers, long lines at open houses and waived home inspections are back? They sure are in Manchester New Hampshire. What else is here is the old rivalry of Listing Agents and Buyer Agents. Is rivalry the right word? Some say battle while others say game.  Lets start by saying How hard is it for a Listing Agent to acknowledge they received an offer and let the Buyer agent know? On the flip side, How hard is it for a Buyer agent to send in a complete offer written correctly? Lets start with why I am asking. Most often I am on the Seller Side Listing and Selling Homes. Acknowledging an offer is a must for me. It is common courtesy. Providing Great Service is a must for me no matter what I am doing. So when a person Lists with me, I always help them find a new home a... 06/26/2023

Manchester NH Real Estate Market REPORT May 29, 2023.  The market is seeing some ups and some downs. Lets look at some trends then we can go over what they mean.LETS TAKE A LOOK AT SOME TRENDS:The Amount of  Single Family homes on the market has fallen.The average Listed price on Single Family homes has fallen.The amount of  Condos Listed has risen sharply. The average Listed price on Condos has fallen.-------Home Prices are fluctuating sharply. Location and condition matter greatly.Some Homes are being Sold too low when not priced right.Lots of home sales under contract are falling through.Yes, there are deals out there for buyers.-------------WHAT DO THESE TRENDS MEAN:  In general it is when things do not go right that a buyer or seller "learn a lesson" in dealing in this market. Both... 05/29/2023

Manchester NH Real Estate Market REPORT May 8, 2023.  Typically we see a sharp increase in new Single Family and Condo Home Listings hitting the market by May. This year we are not seeing that. Most Home Owners are staying still. Those who "need" to move are getting good prices for their homes. One factor could be it is easier to find a buyer than it is to get the sale to close. Banks are tightening their lending practices. Appraisers are being tougher on homes. Home Inspection results can be asking for more from the seller than ever. All total it means more sales falling apart then in years past. Having an Agent that is there for your through each step of the Buying or Selling process is a must. MANY ASK WHAT THE DIFFERENCE IS FROM ONE AGENT TO ANOTHER? As with a changing market, you w... 05/08/2023

Manchester NH Real Estate Market REPORT May 1, 2023.  Spring is in full swing. Lets give you a quick update on the Spring Market here in our area. We are seeing about 15 new Single Family listings hit the market each week. We are seeing about 16 homes go under contract each week. Despite what you hear in the media, the numbers tell us homes are selling and some as fast as they are listed. The media is not telling you a goo third of those may fell through due to buyers mortgage, inspections or the appraisal. BUT WAIT - Why are some homes not selling? There is a secret in Real Estate I want to share. Overpriced Listings are not selling. That is not a secret you say. It is to some, but the biggest secret is "There are homes being listed and sold right now "Under market value." What does th... 05/02/2023

Manchester NH Real Estate Market REPORT April 24, 2023.  Where are all the houses For Sale we usually see in the Spring? That is what people are asking more than ever. Once again we are seeing more Buyers ready to buy than homes on the market to Sell them. That makes now the time to List your home with us if you have been thinking of Selling. If you were thinking of Buying, there is new Listings coming on the market. You just need a little advantage over other buyers. That starts with the agent you choose to help you buy. Being ready to buy and getting access to homes quickly are a must.  It is no longer a secret that many purchases are falling through. It makes your choice of an Agent matter more than ever. Experience matters. MANY ASK WHAT THE DIFFERENCE IS FROM ONE AGENT TO ANOTHER? ... 04/24/2023

Manchester NH Real Estate Market REPORT April 17, 2023.  The Spring Market is here, but is different than anything we have faced before. We are seeing many more Buyers ready to buy than homes on the market to Sell them. Perhaps less than during the Covid years even. That makes now the time to List your home with us if you have been thinking of Selling. For those looking to Buy a home, all is not lost. There are new listings coming on the market. Many go under contract fast though. Who you choose to assist you as your Buyer Agent does matter. Finding a home you want to buy is not the only task of a Buyer Agent. Helping you get a good deal is only part of the goal. Getting your home purchase to close is the biggest obstacle we face these days. Being there for the home inspection, the appr... 04/17/2023

Manchester NH Real Estate Market REPORT April 10, 2023.  The most asked question everywhere I go is "When will the Best time to sell our home be? The short answer is "Right now!!!" There is a shortage of homes on the market and the amount of buyers is strong and steady. We continue to see a strong Spring Real Estate Market here in The Manchester area. The prices are staying strong.The Second most asked question is -  "Is there more homes that were under contract that are coming back on the market?" The answer is yes. Many sales are falling apart. It is harder to get a sale to close these days. Homes that were under contract falling through for a variety of reasons such as mortgage financing, appraisals and inspections.  There are many pre-cautions a seller can take to avoid many of thes... 04/10/2023

Manchester NH Real Estate Market REPORT April 3, 2023.  We continue to see a strong Spring Real Estate Market here in The Manchester area. There continues to be a shortage of homes on the market. The amount of home buyers is still strong and steady. The newest variable is that it is getting more difficult to get a mortgage. Those with strong credit are not seeing as many hurdles as those with average to lower credit. Hurdles can be overcome with some planning and know how by those who you choose to help you. The newest trend shows us that it can be harder to get a sale to close these days. Homes that were under contract falling through for a variety of reasons such as mortgage financing, appraisals and inspections.  MANY ASK WHAT THE DIFFERENCE IS FROM ONE AGENT TO ANOTHER? As with a ch... 04/03/2023

Manchester NH Real Estate Market REPORT March 27, 2023.  The end of March is here and the Spring Real Estate Market continues to pick up. New Listings are increasing and The amount of buyers is still strong and steady. The newest trend though is homes under contract falling through. It cots money and time for both the Buyer and Seller. Mortgages once pre qualified now being denied. Appraisals coming in too low in some cases. Some buyers simply with Cold Feet. Then wild and crazy requests from home inspections when some buyers are waiving them again to get their offers accepted. A new trend we are seeing is that Prices are kind of all over the place. Some homes listed way to high and others actually listed way to low. Location and condition highly affect value. The good thing is that the... 03/27/2023

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 ... 03/22/2023

Manchester NH Real Estate Market REPORT March 20, 2023. The Spring Real Estate Market is ushering changes to our market. Where we saw an increase in new listings earlier in the year, the amount of new listings coming on the market fell by half last week. The amount of Single Family homes going under contract though, doubled last week.  People often ask what trends we are seeing in our market. Sadly, one trend is the sharp increase in homes that were under contract are "falling through". The top three reasons seem to be failed Inspections, Appraisals that are too low and Buyers whose financing who are declined.  This is causing hardships for sellers who think their homes are sold and are making plans already to move into their new home. The next question is often "How to avoid these issu... 03/20/2023

Manchester NH Real Estate Market REPORT March 13, 2023. The Spring Real Estate Market brought a 110% increase in Single Family home listings this week. The amount of sales is steady and strong. The newest trend though, is homes that were under contract "falling through". Inspections, Appraisals and Buyers whose financing is declined are causing an increasing amount of home sales to fall apart. 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 many prices came down since last summer which may equal out in some cases. There are deals for buyers when you know where to look. MANY ASK WHAT THE DIF... 03/13/2023

Manchester NH Real Estate Market REPORT March 6, 2023. The month of March is here and the Spring Real Estate Market is already under way. We have seen the amount of new single family home listings is increasing. The amount of sales is steady and strong. There is still a sharp shortage as we see more buyers than homes to sell them. Condominium sales are outpacing single family home sales as first time buyers look to buy affordable homes.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 many prices came down since last summer which may equal out in some cases. There are deals for buyers when yo... 03/06/2023

Manchester NH Real Estate Market REPORT Feb. 27, 2023. As we end the month of February, winter decides to arrive.  Also as February comes to an end, the Spring Real Estate Market is here. We have seen the amount of new single family home listings double last week. There is still a sharp shortage as we see more buyers than homes to sell them. WHAT SHOULD YOU DO? First off as with a changing market, you will find an Agents experience matters the most. Many have noticed some houses selling in days while others have been around a couple of months unsold. Many others notice  some buyers offers are accepted right away, while other buyers search for months.  That means you as a consumer should know with so many market changes, an Agents experience and skill matters the most.  We are seeing lin... 02/27/2023