Currently Portsmouth has 72 active listings for single family homes and condos in all price ranges, median price is $367,000, and median days on market (time to sell) is 104 days.
PORTSMOUTH NEW HAMPSHIRE — Against a backdrop of unrelenting bad weather, the Seacoast Board of REALTORS reported January pending single family sales totals in an expanded sampling of 13 seacoast towns were very healthy. Residential pending sales were up 20% from December and condo pending sales improved 50%. January is generally the slowest month of the year for real estate sales.
Still, closed sales of Portsmouth single family and condominium residential units in these towns declined last month, although there was some good news here as well, the Seacoast Board of REALTORS found that single family sales actually improved from a year ago by .09%.
Modest as the month may have been in the combined sample towns, it was still the best January for single family sales since 2008.
While 20 of the Portsmouth single family sales were for less than $400,000, the $1 million price range again recorded a strong month. The five sales in excess of that figure marked the fourth time in seven months that five or more high-end sales were logged.
On the condominium side, sales declined a more modest 10.5% from a year ago.
“It is encouraging and worthwhile to recognize we are getting sales in all price categories as the recovery continues,” said Jim Therrien, President of the Seacoast Board of REALTORS. “Seacoast sales were about even for this January compared to 2010. At the same time, the State of New Hampshire was off 4.5% and Rockingham County was down 9% from last year. It just goes to show, all real estate is local.”
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