Manchester, N.H. has reclaimed its title as the hottest housing market in the U.S., as reported by Realtor.com with properties receiving significantly more views. The report highlights that the Northeast leads in housing demand, with several cities from the region in the top rankings. While the brisk market can be seen as positive, experts warn of its underlying challenges, including inventory shortages leading to increased home prices and potential economic drawbacks. The median listing price in Manchester has risen, emphasizing the strain on buyers.
While your initial reaction may be that this is a super exciting notion, we have to be subdued about what that truly means to the market... we have a lack of inventory, there's high buyer demand, and as prices continue to rise, it's going to hold back our economy.
The city's median listing price is up 2.5 percent year over year, according to Realtor.com, and at $579,000, it is a lot higher than many of the cities in the top 20.
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