By Margaret Heidenry | Realtor.com
Despite winter’s deep freeze, many of America’s real estate markets are already heating up. And even though cold temperatures tend to get people dreaming of moving to warmer climes, a new report has found that the nation’s hottest real estate market right now is hiding in a surprisingly cold place: Manchester, NH.
This chilly, unassuming city was ranked the hottest market in January based on an analysis by Realtor.com®. The rankings factor in a combination of demand (measured by the number of unique views per home listing) and how quickly homes are selling in that area.
In Manchester, property listings in January received 3.4 times more visitors than the national average, with homes lingering a mere 33 days before being snapped up by buyers. (The national average for days on market is nearly double that, at 61 days.)
Due to this high demand, the median listing price of homes in the Manchester-Nashua area has risen 11.1% over the past year, to $450,000, which is well over the national median of $375,000.
