Seacoast NH Real Estate Market Update – Area Market Overview

Coastal New Hampshire Real Estate Market Update – January 2008
through August 2008

New Hampshire Lake

Real Estate Markets are really very local in nature,
contrary to what all the media would have you believe.  Statewide market
information isn’t local enough, and really even looking at various markets by
county isn’t breaking the real estate market updates down
enough.  Counties can, and do, vary greatly, and counties here in New Hampshire
vary enormously.

The Seacoast area of NH is covered by parts of two counties
– Rockingham County, which has all the towns right along the immediate
coastline, and Strafford County, which is inland a bit from the immediate
coastline.  The Greater Seacoast areas include a number of
towns – Portsmouth, Newcastle,
Rye, Hampton, Seabrook, North
, Hampton Falls, Exeter,
Stratham, Greenland,
Newington, Newmarket, Dover,
Durham, Brentwood, and towns in the southern tip of Maine –
Kittery, Eliot, York,
Ogunguit, South Berwick.  Even these towns
vary greatly from each other when it comes to market activity, and how active,
or not, the real estate market is.

Read also“New Hampshire Seacoast Area Towns”

For the purpose of this Coastal Seacoast New Hampshire Real
Estate Market Update
, the towns included are those in the immediate
Seacoast area – Portsmouth, New Castle, Rye, Hampton, North Hampton,
Stratham, Hampton Falls, Exeter, Greenland,
Real estate market information used for
this report is provided from NNEREN, Northern New England Real Estate Network,
the Multiple Listing System (MLS) that services all of New Hampshire and parts
of Maine, Vermont and Massachusetts.

January through August 2008
Real Estate (MLS) Activity

Total homes for
594 homes
Total new homes listings Jan –
904 homes
homes sold Jan –
373 homes
homes sale pending Jan –
391 homes
homes that didn’t sell Jan –
718 homes

Average selling price of homes sold Jan –
Average days on the market for sold homes Jan – Aug       147
list price to sold price

Average listing price of homes currently for
Average days on market of homes currently for sale          160
Average listing price of homes currently sale pending         $504,922
days on market of homes sale
   140 days

Read also“Seacoast Area Real Estate Market Reports”


So, now that you have all these numbers in front of you regarding the
NH Seacoast real estate market, what do they all

Portsmouth NH Homes For Sale

– If
you’re thinking about selling your home in the Portsmouth NH
, you can expect it to take about 147 days to sell it, assuming
it’s priced realistically, and you can expect to receive about 94% of your
asking price.  These numbers show that we currently have a little over a 12
month supply of homes for sale.  That means, if no new listings come on the
market, it would take us over 12 months to absorb the homes currently offered
for sale.  Again, proper pricing is crucial if you want to sell your home in
less than the currently absorption rate of 12 months.

Read also“Absorption Rates and Why They’re Important”
–  “Selling Real Estate in the NH Seacoast Areas”

– If you’re thinking about buying a home in the Portsmouth NH
, there hasn’t been a better time to buy than the market we’re
currently in.   You have plenty of choices to pick from, and many sellers are
pricing their homes aggressively as well as making sure they’re in great market
condition.  If you’ve been in the real estate market in this
area, and have missed out on a home or two, you are already aware that homes in
some areas are selling very quickly, many times with multiple offers on them
from buyers just waiting for that perfect home to come up for sale.  If you fit
into that group, be prepared to make a move quickly so you don’t keep missing

Read also“Buying Real Estate in the NH Seacoast Areas”


If you’re interested buying or selling New Hampshire real
 in the Portsmouth NH Seacoast areas, call me
today at 1-888-349-5678 x 3839, or send
me an email
, and let’s talk real estate!

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Ann Cummings, New Hampshire REALTOR
RE/MAX Coast to Coast
  888-349-5678 x
  Servicing the
Coastal Areas of NH & Southern Maine

            Ann Cummings New Hampshire REALTOR

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!

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