Economists at Realtor.com say that several New Hampshire cities are the nation’s hottest markets right now, with the Worcester metro area not far behind.
The Concord and Manchester-Nashua, New Hampshire areas took the first and second slots in Realtor.com’s June ranking of markets by hotness – measured by the number of unique viewers per property on Realtor.com, and the number of days a listing remains active on Realtor.com.
In Concord’s case, listings had an average of 3.2 times more viewers per property than the nationwide average and a median of 13 days on market. In Manchester and Nashua, those figures were 2.6 and 12, respectively. Median days on market in Concord was down by 4 days from June 2021, while in Manchester and Nashua, the figure was up two days from the same month one year ago.
According to The Warren Group, publisher of Banker & Tradesman, Concord’s Merrimack County saw 176 single-family, condominium, two-family and three-family sales in June at a median sale price of $363,500. Manchester’s and Nashua’s Hillsborough County saw 458 such sales in June at a median sale price of $417,000.
In the Worcester metro area – the 11th-hottest market nation-wide according to Realtor.com – Realtor.com listings had 1.6 times the number of views on average compared to the national average, and properties spent 16 days on market, the same as they did in June 2021.
The Warren Group reports that Worcester County saw 1,051 single-family, condominium, two-family and three-family sales in June at a median sale price of $400,000.
The Realtor.com report is the latest indication that even as some real estate markets in America suffer strong fall-offs in demand, many Northeast markets continue to stay strong, even if demand has slowed down slightly.