Portsmouth NH Homes and Condos - Market Update for Dec. 2008

Portsmouth New Hampshire Real Estate Market Update - December 2008

The real estate market in Portsmouth had ups and downs in 2008. Demand was there, inventory was there in some parts of the market and in other parts it was very lean. Some areas in town have a pent-up demand, such as the Little Harbor area, and others have an over-supply of homes or condos on the market.

Real estate in Portsmouth NH and the surrounding area is always a topic of interest for most people in this area. As the real estate market goes, so goes most other things, it seems.

So, how did Portsmouth NH homes and condos fare in December? Check out the numbers below:

Portsmouth NH Homes - December 2008 Market Recap:

49 homes are currently for sale in Portsmouth
Asking prices range from $163,900 to $1,595,000
Average asking price is $447,715
Average Days on the market - 131 days

5 homes in Portsmouth NH went sale pending/under agreement
Asking prices ranged from $176,500 to $359,000
Average asking price - $285,240
Average Days on the market - 109 days

8 Portsmouth NH homes sold during December 2008
Asking prices ranged from $79,500 to $465,000
Sold prices ranged from $72,000 to $410,000
Average sold price - $284,250
Average Days on the market - 122 days
Average List-to-Sell Ratio - 95%

24 homes in Portsmouth expired from the market during December 2008 without selling.

Portsmouth NH Condos - December 2008 Market Recap:

86 Portsmouth condos currently for sale
Asking prices range from $114,900 to $1,472,000
Average asking price is $438,192
Average Days on the market - 192 days

1 condo in Portsmouth went sale pending/under agreement
Asking price was $399,900
Days on market - 227 days

3 Portsmouth NH condos sold during December 2008
Asking prices ranged from $195,500 to $295,000
Sold prices ranged from $190,000 to $290,000
Average sold price - $235,633
Average Days on the market - 204 days
Average List-to-Sell ratio - 99%

17 condos in Portsmouth NH expired from the market without selling during December 2008.

Portsmouth New Hampshire is a beautiful coastal town, a working port, and has much to offer anyone interested in living here. If you're interested in exploring the real estate market here in Portsmouth, either as buyers or sellers, send me an email or give me a call at 1-888-349-5678 x 3839.

I'd love to help you with your real estate goals!

Related Reading:

Seacoast NH and Maine Real Estate Market Reports
Absorption Rates and Why They're Important to Know

Ann Cummings, New Hampshire REALTOR
RE/MAX Coast to Coast
Portsmouth NH
ann@anncummings.com
888-349-5678x 3839
Servicing the Coastal Areas of NH & Southern Maine