Market activity in the third quarter is an indicator of sales in the summer and current listings available for the fall market. Manchester activity is slower in July and August with activity increasing after schools are back in session.  The NH first-time home buyer has impacted the market due to the $8000 tax credit and the amount of New Hampshire foreclosed real estate.

There are 256 active listings for single family homes with an average listing price of $260,294. Visit Manchester NH homes for sale to access current available listings. The average DOM (days on market) is 123.  Sixty-five homes are currently under contract and the average listing price was $218,635.  Homes sold, as compared to the 2008 third quarter, dropped from 195 from 178 with the average selling price declining -8%.  The list-to-sell ratio was 98% and the average days on market was 109.

The condominium market has been deeply effected by the purchase of New Hampshire foreclosures.

There are 175 active listings with an average list price of $175,143.  The days on market are 150.

There are 31 pending listings with an average list price of $137,297.  Those units were on the market for 136 days.

There -11% fewer condos sold in the third quarter of 2009 as compared to 2008.  The average sales price declined 11%.

Activity in Manchester, NH is similar to the Nashua, NH third quarter reports.  Information was analyzed by Virtual Homes Real Estate as reported by the NH MLS (NNEREN) system.