New Hampshire’s housing market continues to do well this year, some areas of the Granite State are listed as the hottest markets in the country.Realtor.com data shows the hottest markets in the country are the Manchester-Nashua and Concord areas. The average home in the Manchester- Nashua area is $400,000 and Concord is at $379,000.New Hampshire relators said statewide, the average home is on the market for just 32 days and Realtor.com said in April, half of Manchester area homes sold in under 10 days, 33 days faster than last year.The president of the New Hampshire Association of Realtors said the market is strong across the state. It’s good for sellers but can be tough for buyers.”We have a number of buyers we are working with right now and typically we find that it’s been taken as many as three to sometimes five offers on a property before you get that magic combination together and they’re successful in able to buy one,” said the president of New Hampshire Association of Realtors Jim Lee.Lee said more people are looking because of a combination of lower interest rates and people wanting more space in the pandemic. Relator.com said across the country, new listings in April were down 25% compared to previous years.New Hampshire relators said sellers were reluctant to put their house on the market because of the pandemic and then they would need to find a new place to live. Lee said he does not expect an increase in inventory in the second half of the year and he said if you’re buying, do not waive the home inspection unless you have cash saved to fix big, unexpected issues down the road.
New Hampshire’s housing market continues to do well this year, some areas of the Granite State are listed as the hottest markets in the country.
Realtor.com data shows the hottest markets in the country are the Manchester-Nashua and Concord areas. The average home in the Manchester- Nashua area is $400,000 and Concord is at $379,000.
New Hampshire relators said statewide, the average home is on the market for just 32 days and Realtor.com said in April, half of Manchester area homes sold in under 10 days, 33 days faster than last year.
The president of the New Hampshire Association of Realtors said the market is strong across the state. It’s good for sellers but can be tough for buyers.
“We have a number of buyers we are working with right now and typically we find that it’s been taken as many as three to sometimes five offers on a property before you get that magic combination together and they’re successful in able to buy one,” said the president of New Hampshire Association of Realtors Jim Lee.
Lee said more people are looking because of a combination of lower interest rates and people wanting more space in the pandemic. Relator.com said across the country, new listings in April were down 25% compared to previous years.
New Hampshire relators said sellers were reluctant to put their house on the market because of the pandemic and then they would need to find a new place to live.
Lee said he does not expect an increase in inventory in the second half of the year and he said if you’re buying, do not waive the home inspection unless you have cash saved to fix big, unexpected issues down the road.
Read More:Manchester, Concord areas among hottest real estate markets in US, according to report
2021-05-16 23:58:00