Portsmouth New Hampshire real estate has fared far better than most of the country when it comes to foreclosures and median sales prices.
The years 2006 through 2008 have shown very little change in the number of foreclosures in Portsmouth NH, and has shown fairly stable median selling prices as well. Several towns in the immediate Portsmouth area have actually shown an increase in the median sales prices in that time frame.
“Portsmouth is unique to the area. It has pretty much remained strong throughout all of this. They suffered a little, but for the most part Portsmouth is sort of an anomaly. They set their own trends.”
This was quoted from the Portsmouth Herald, in an article in today’s Sunday Portsmouth Herald, “Portsmouth Bucks Nationwide Foreclosure Trend“.
Portsmouth NH’s unemployment rate has remained low, compared to unemployment rates around the nation. The January rate was 4.8%, and the state rate was 5.7% with the county, Rockingham County, showing an unemployment rate of 6.1%. The nationwide unemployment rate was 8.5%.
The foreclosure numbers for homes in Portsmouth were as follows:
- 2006 10 foreclosures
- 2007 14 foreclosures
- 2008 13 foreclosures
The median sales prices for Portsmouth NH homes for 2006 and 2008:
- 2006 $327,500
- 2008 $325,000
The above numbers are sourced from The Portsmouth Herald, and the City of Portsmouth.
These numbers show that those who live in Portsmouth NH have fared better than most not only in the nation but around the state as well. We do live in a fabulous place!
Are you looking to buy or sell real estate here in the Portsmouth NH area? If so, send me an email or give me a call – I’d love to talk to you about the real estate market and your interest in buying or selling here in the Portsmouth NH real estate homes market!
Servicing the New Hampshire towns of Portsmouth, Newcastle, Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington, Dover, Durham and surrounding areas, and the Maine towns of Kittery, Kittery Point, Eliot, South Berwick, York, and surrounding areas.