Manchester, NH, Tops as America's Hottest Housing Market

Manchester, New Hampshire, has reclaimed its position as the hottest housing market in the United States, as per a February report from Realtor.com. The city saw nearly four times more property views than the national average, with homes selling in just 46 days compared to the national median of 73 days, despite a significant 4% increase in the median list price to $579,000 from December. Manchester's appeal is attributed to its proximity to Boston, lack of sales and income taxes, good schools, and a thriving local economy. However, this 'hot market' status is driven by high demand and low inventory, which, while advantageous for sellers, poses challenges for buyers and raises concerns about economic sustainability. The Northeast and Midwest have consistently housed the hottest markets since 2022, with other prominent cities including Hartford, Connecticut, and Worcester, Massachusetts. Despite the competitive market, broader trends show potential homebuyers are hesitant due to high home values and mortgage rates, according to Redfin.