Portsmouth NH Real Estate Demand Swells

Portsmouth NH Real Estate If you want the most money for your property in the least amount of time with out giving it away, let's have an honest discussion and discover where the market is and how to position your property for the best outcome.

Sold $225,900 Sold $250,000 Sold $315,000 Sold $388,000 Sold $835,000

Portsmouth NH Real Estate is unique as the state has varied geographical attractions as well as demographical attractions all affecting "perceived" value. When looking at market data, numbers can tell us what is happening in our markets.

Example: Portsmouth NH Real Estate has seen average days on market go from 73 days in January to 103 days in March with an average asking price to selling price ratio of 93%. The absorbtion rate (calculated as the # of active listings divided by the sum of the closed listings for the last 30 days = the # of months of inventory) for January was 14+ months. February's absorption rate dropped to 9.5 months. March's absorption rate fell again to 6.5 months.

Portsmouth NH Real Estate One could conclude the demand has increased and sellers and buyers are coming together at 93% of asking price. The active listings fluctuate as a function of new listings, expired listings, withdrawn listings, and closed listings but have maintained a consistent 162+/- listings every month. If you want to price your property properly, get a qualified appraisal and ask no more that 7% above that evaluation.

About the Author: Marty Patrizi is a Realtor with Virtual Homes, Inc. Marty has been buying, selling, building, and renovating properties since 1988 and he can help you reach your real estate objectives. Marty can be reached at 603-781-4099 or by email marty.patrizi@virtualhomes.com. For FREE ACCESS to search all homes for sale in the NH MLS, visit TheNHRealtor