Manchester, NH, has claimed the title of America's hottest housing market, according to Realtor.com's January report, thanks to its high demand, low inventory, and appealing living conditions. With a median listing price of $579,000, property demand remains strong, with homes selling faster compared to the national average. Manchester's attractiveness stems from proximity to Boston, a robust local economy, and no sales or income taxes. As Northeast and Midwest regions dominate the housing market, Manchester stands out for its community character and quality of life.
Manchester's hotness means that high demand is met with low inventory as buyers claim available homes. The ongoing demand has kept attention high and market pace snappy.
Listings in Manchester drew close to four times as many viewers on Realtor.com last month as was typical in the U.S., signaling an elevated level of buyer interest.
Another major selling point for living in the Granite State: Residents do not have to pay sales or income taxes, and its poverty level was the lowest in the U.S.
For the 16th straight month, the Northeast and the Midwest were the only two U.S. regions represented on January's Hottest Housing Markets list.
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