Manchester, NH Real Estate News

By Suzanne Damon
(Re/Max Omega)
What is market absorption? It is a mathematical approach to determine the rate at which inventory is "absorbed"(engulfed wholly) into the market. Inventory is the number of homes for sale in the market.A division of homes sold on average over the last 12 months, 6 months and then 3 months will determine the rate at which homes are being sold. This is helpful to the seller who is thinking of selling or currently has a home to sell. If you know statistically how long to expect to market your home for sale, then you won't be as "stressed" about selling it. In the Manchester NH area for a single family home the number of months to sell a home is:   5.9849246 months.Keep in mind that:6 months supply= Balanced MarketLess than 6 months supply= Sellers MarketMore than a 6 months supply= Buyers ...
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By Suzanne Damon
(Re/Max Omega)
I have been learning about real estate blogging.  I have read the articles, searched the web and talked to the hosts of other web bloggs. What I have learned is that I have been doing this all wrong.  I need to make frequent short entries. I have decided that I will treat my blogg as a "release" to my day to day issues as well as give opinion and insight into the real estate market.   Today's thoughts are focused on IT"S A GREAT TIME TO BUY REAL ESTATE!  The inventory is diverse, the negotiations are fierce, and the interest rates are still relatively good. I found a lake front two story, 1500 sq ft home, contemporary home listed for $229,900. I saw a home listed in Manchester NH for $225,900 sell for $175,000. I found interest rates ranging  from 6.25% to 6.75%.  All of this combined ...
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By Rudy Mayer, New Hampshire Real Estate & Homes
(Better Homes & Gardens | The Masiello Group Real Estate)
Manchester NH is the state's commercial and industrial leader, as well as its largest city. [View the video tour of Manchester NH]Population: 108,078Land Area: 33 square milesPopulation Density: 3,275Distance to Boston: 58 milesType of Government: Mayor/14 AldermenMedian Home Purchase Price: $156,762Web site: Profile of ManchesterManchester is the state's commercial and industrial leader, as well as its largest city and the home of nearly 10 percent of its population. The city first gained national fame in the 1800s as the home of the massive textile mill of the Amoskeag Manufacturing Company. Nearly 5 million yards of cloth were shipped weekly from the mill, which employed thousands of workers and covered more than 8 million square feet. The mill thrived...
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