Concord and Manchester/Nashua are ranked ‘hottest’ real estate markets in the nation

  • New Hampshire kicks off a weeklong bicentennial celebration for its Statehouse on Sunday, June 2, 2019, in Concord, with cake, building tours and reenactments of the first Legislative session. The granite building is the oldest state capitol in which both houses of the Legislature meet in their original chambers. (AP Photo/Holly Ramer) Holly Ramer

  • Thousands of runners and walkers took part in the annual Rock 'N Race 5K in downtown Concord on Thursday, May 17, 2018. (ELIZABETH FRANTZ / Monitor staff) Elizabeth Frantz

Monitor staff
Published: 5/14/2021 2:32:39 PM

In a conclusion that will surprise absolutely nobody trying to buy a home, southern New Hampshire has what calls the “hottest” housing market in the country, with local listings attracting three times more viewers than the national average and being sold more quickly than anywhere else.

The company put Concord at No. 2 and Manchester-Nashua No. 1 on their list for April.

The group said Concord listings through licensed Realtors stayed up a median average of 15 days and those in Manchester-Nashua stayed up 10 days – both of which are less than any other median in the listing.

The median listing price in the southern market was $400,000 and in Concord it was $379,000, meaning half of the online listings cost more and half cost less.

New Hampshire, like many places, has long faced a housing crunch that has driven up rents and real estate prices, a trend that has increased during the pandemic as buyers from larger urban markets are looking for more rural places to live. 

The result is more demand for housing than there is inventory, which is driving up prices as houses are being snapped up quickly. Many real estate agents in the state say the market is as competitive as they have ever seen.

This tends to be good news for people who own homes they want to sell. But it’s bad news for home buyers, especially those looking for an affordable first home, because of rising prices. And almost everyone who decides to sell a home then turns around and becomes a buyer facing the other end of the stick. 

Three other small cities in New England were also in the top 20: Portland, Maine, and both Worcester and Springfield in Massachusetts.

The two New Hampshire markets were among the nation’s top-10 “emerging housing markets” in an analysis released last month by the Wall Street Journal and

David Brooks bio photo

David Brooks is a reporter and the writer of the sci/tech column Granite Geek and blog, as well as moderator of Science Cafe Concord events. After obtaining a bachelor’s degree in mathematics he became a newspaperman, working in Virginia and Tennessee before spending 28 years at the Nashua Telegraph . He joined the Monitor in 2015.

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