Portsmouth NH Real Estate Market Recap 2007

This past year in the Portsmouth NH real estate market, we saw  a number of
interesting things, scattered over several months.  We saw a number of
properties sell very quickly, and for close to or at their asking price.  We
also saw multiple offer situations from time to time as well.

The important part of each of those situations was that the sellers paid
attention to what the market was indicating for price, and they priced their
properties appropriately for the market at that point in time.

                      Portsmouth NH Homes 2006 – 2007 Information

Portsmouth NH Homes Sold 2006-2007

  • Sales of Portsmouth NH homes in 2007 topped those sold in 2006.  The
    total number of homes sold in 2006 was 143 and for 2007, we sold a total of 173
    homes.
  • Average sales prices of Portsmouth homes was down slightly in 2007 over
    2006.  The average sales price in 2006 was $375,035, while the average sales
    price in 2007 was $371,143 – not much of a difference in those numbers.
  • Our average days on market saw very little difference from 2006 to 2007 – 96
    days in 2006 and 98 days in 2007.  The average list-to-sales ratio was almost
    the same as well.  In 2006, it was 96.0% and in 2007, it was 95.8%.

Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!

Speak Your Mind

*