Manchester Connecticut Real Estate Market Report for First-Time Home Buyers

Manchester Connecticut is called the Silk City and The City of Village Charm. This City has a lot to offer. There are 23 Town Trails to explore, a huge mall-Buckland Hills Mall, large cinemas, a variety of low to high-end restaurants, an award winning school-Manchester Community College, a local hospital, a wide range of affordable homes for first-time home buyers.

Below is the real estate statistics from January 2012 to October 31, 2014

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The information above shows that the months of September and October yielded the most home sales in 2012. In 2103, August and September performed better. And in 2014, June and July had the most number of home sales. I don’t expect the remaining months in 2014 to outperform June and July sales.

With a ceiling or maximum price of $200,000, the conservative monthly payment could range from $1500-$1700, depending on the financing type.

A consultation with a loan expert can give the first-time home buyers the financing options that best suit their needs.

Advice to First-Time Home Buyers: Don;t make a huge mistake. Hire a Realtor.