Portsmouth New Hampshire Real Estate – Homes and Condos Market Update – May 2008
June 4, 2008 by Ann Cummings
Filed under RE Market Reports
Portsmouth New Hampshire Real Estate Market Update For May
2008
Real estate and the market activity is always
a hot topic, everywhere we turn it’s always being talked about - on TV, in the
newspapers, on the radio and in magazines, at parties, etc.
The Portsmouth New Hampshire real estate market has
picked up quite a bit over the last couple of months, and the proof is in the
numbers. Real estate is so very local, I just wish the media would clue into
that and start talking about local real estate markets instead
of the ‘national market’, as they like to put it.
Activity in May 2008 for Portsmouth New Hampshire Homes:
New Listings – 24
Total Listings – 75
Sales Pending – 13
Homes Sold – 9
Average Days on the Market –
109
Average Sold Price –
$301,036
Acitivity in May 2008 for Portsmouth New Hampshire
Condos:
New Listings – 30
Total Listings – 91
Sales Pending – 8
Condos Sold – 5
Average Days on the Market –
104
Average Sold Price –
$315,320
April Portsmouth NH Homes Activity:
New Listings – 37
Sales Pending – 11
Homes Sold – 13
Average Days on the Market –
153
Average Sold Price –
$431,750
April Portsmouth NH Condos
Activity:
New Listings – 19
Sales Pending – 10
Condos Sold – 23
Average Days on the Market –
144
Average Sold Price –
$325,200
The
average days on the market for both Portsmouth NH homes and
condos are shortening up by over a month each, close to 2 months
shorter in some cases.
There are more buyers in the market now, creating some competition for those
who’ve been in the market and just haven’t made up their minds, or who think
they still have plenty of time to make a move on the house they really like.
Are you looking to buy a home or condo in the
Portsmouth New Hampshire or Southern Maine
area?
If so, send me an
email or give me a call - I’d love to help you find just the right home for
you!
Ann Cummings, Maine and New Hampshire REALTOR
RE/MAX Coast
to Coast
Portsmouth NH
ann@anncummings.com
888-349-5678 x
3839
Servicing the
Coastal Areas of NH & Southern Maine 
