Portsmouth NH real estate | So far in 2011

Here’s the latest market report for Portsmouth NH residential real estate numbers as of March 6th, 2011.

Portsmouth NH real estate market pulse report compliments of Jim Lee Portsmouth NH Realtor

  • New is new listing
  • BOM stands for “Back On Market” for whatever reasons, typically a sale that fell through.
  • Pend is pending, that means an accepted offer but not yet closed
  • Cntg means there is some sort of contingency; typically a potential buyer selling another house.
  • Expr means Expired, did not sell and the listing period ran out. Often relisted.
  • With is Withdrawn from sale, seller do not want to sell anymore for a variety of reasons.
  • Sold obviously means sold, closed, and this house now has a new owner.
  • Avg Sold$ is the average sold price in Portsmouth, NH, happy to furnish you this data for any other Seacoast town.
  • DOM is Days On Market or time from the listing started until it moved into sale pending.
  • and Median Sold$ means the middle of the sold price range; 1/2 the homes sold for more, 1/2 sold for less. Not to be confused with average sales price.

We ended February 2011 with 26 sales versus only 18 in February 2010 and 15 in that time period 2009. 12 closed sales in January 2011, 9 in January 2010, and 7 for January 2009. Still very early in the year to make any accurate predictions but the sales  trend so far in 2011 is up.

Portsmouth NH real estate heat map provided by Portsmouth NH Realtor Jim Lee

Current listing active listings for zip code 03801 is 66, down 2 from our last report. Median list price is $361,500, down $25,000 from last report. (NOTE, this DOES NOT mean home prices have fallen but rather there are more lower priced homes for sale now than for the last period reported. And median days on market (DOM, time to sell) remains constant at 124 days.

Here’s what the real estate Barbara Corcoran has to say about the market in general and buying & selling.

In some more good housing news New Hampshire unemployment was at 5.6% in January 2011 versus the national average of 8.9%.

So far all the signs are pointing toward a solid real estate sales year for Portsmouth and New Hampshire Seacoast real estate. For the latest real estate market report for your NH town or area just drop me an email to Jim@JimLee.com.

My partner Ann Cummings and I are here to offer our combined 60+ years of real estate experience to serve all your Portsmouth area, southern Maine, and Seacoast real estate needs.

To search for local real estate please visit our website at PortsmouthNewHampshireHomes.com to see all the beautiful homes for sale.

Below is a cool photo I caught yesterday from the Portsmouth Harbor Cam of a freighter bringing in a load of road salt & sand. The harbor cam is a pretty cool thing. I check it from time to time to see what’s going on out in the Piscataqua River and Portsmouth Harbor.

 

bridge up2

 

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