Manchester, New Hampshire Homes and Condos Sold

Homes and condominiums sold in August represent transactions that went under contract in May and June which is the later stage of the spring market.   Monthly market reports are a snapshot and do not necessarily represent overall market trends.

 The trend for single family average sales price continued downward by 9% with values dropping from $230,794 to $203,365.  There were 53 homes sold as compared to 67 in 2008 and the average market time was much longer at 101 days on market.  This was consistent with the second quarter New Hampshire Real Estate market report for the second quarter.  The effective bottom of the market will not be evident until we have two or three consecutive months of increases in the average sales prices.

Condominium average sales prices spiked from $164,048 to $176,774.  This is an unusual statistic for current market conditions showing a declining market.  This aberration may be due to the fact that there were only 14 units sold and they were not at the entry level.  Consumers can now consider affordable homes as a NH first-time home buyer.  Visit Manchester Real Estate for Sale and NH MLS to obtain information about the city and to search for current listings.