Good news (and not too surprising) - Portsmouth is a stable investment for purchasing housing with some excellent opportunities for both Buyers and Sellers. There were 59 homes sold in Portsmouth during January 1 through March 31, 2008. They ranged in sold price from $110,000 to $1,150,000. Average sale price was $312,849. During the same period of time in 2007 the average sale price was $324,232. A difference of only (-3.6%).
With our wintry weather and record snow falls it is amazing to know that Buyers are still out there and moving during all that challenging weather.
During first quarter of 2007 there were 61 homes sold in Portsmouth. But the average days on market was 176. This year the average days on market is down to 120. This is good news because it shows homes selling faster even with our wintry weather. And it tilts the scales in Portsmouth from a stable to almost Buyer's Market (6 months or more on market) to more of a Seller's Market (Less than 6 months on market). Homes are being more realistically priced and are selling.
New listings for Q1 is 105 homes entered the market. They range in asking price from $184,900 to $1,295,000. We currently have 137 single family residential properties & condos available in Portsmouth. Asking price range is $184,900 to $9,500,000.
Portsmouth is a great City to live in, I have lived downtown for more than 20 happy years. Arts, theater, great restaurants, live music, fun shopping and proximity to the water are all part of the appeal for living here. If you are looking to buy or sell in Portsmouth give me a call so I can share my love for this City with you!
Interested in finding out more about Portsmouth? Search MLS 24/7
Visit The Seacoast Sold Report for more information about Portsmouth and surrounding towns
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