Manchester, NH , currently holds the title of hottest market in the country , where homes typically sell after just 14 days on the market. So when a listing in this desirable city sits for 144 days, there has to be something wrong with it, right? That’s the question we asked upon spotting a three-bedroom, one-bath, 1,400-square-foot house on Central Street listed nearly five months ago for $370,000. That’s far below Manchester’s median listing price of $425,000.
So why has this house sat for so long? According to listing agent Zyel Silva, with Chinatti Realty, there is nothing wrong with this house. Rather, the property has simply had a “ton of bad luck.” After it was first listed in January for $340,000, the home sat for just 11 days before going under contract for over the asking price.
The closing was set for Easter weekend. “Unfortunately, our buyer passed away,” says Silva. “It was super unfortunate, but, of course, we had to go back onto the market.
” This time, the home sat for only four days before a second buyer made an offer that was even higher than the first buyer’s. “All was going well,” says Silva. They were a mere 48 hours away from closing.
Then the buyer had to back out after learning they’d been a victim of financial fraud. After this second deal fell through, Silva listed the home yet again. Encouraged by the previous offers over the list price, Silva bumped up the price to $370,000.
But this time, the house sat — and, as the days.