The Manchester NH real estate activity in 2009 continues to indicate downward trends.  Both single family homes and condos sold declined as did the average sales prices.  DOM improved indicating that consumers are reacting quickly to well priced homes at the entry level.  The story for 2009 was the $8000 tax credit for first time home buyers which stimulated the lower end of the market and the volume of foreclosures listed and sold.  Condominiums have been hit hard with financing restrictions, high foreclosure rates and the affordability of single family homes.

Manchester Homes Sold

The average sales price dropped -10% from $220,512 in 2008 to $200,215 in 2009.  Single family home sales increased 6% to 663 units from 623.  The days on market improved from 96 days to 86 and the sales price to list ratio increased to 98%.  Peak values and transaction sides peaked in 2006 with 732 homes sold at an average sales price of $259,924.

Manchester Condos Sold

Manchester NH condos sold dropped -20% from 277 units sold in 2008 to 255 in 2009.  Average sales prices dropped -15% from $165,658 to $140,641.  Days on market showed an improvement from 166 days to 126.  Peak average selling prices were obtained in 2007 at $170,926 and unit sales high point was 596 units sold in 2006.

Information was obtained from the NH MLS system (NNEREN) and is not guaranteed to be accurate.  Current Manchester NH real estate listings can be viewed at Manchester NH real estate and homes for sale.