28 Portsmouth Homes Change Hands In June

Portsmouth NH - June 2007
Single Family Home Market Report

June in Portsmouth. Warm weather and Market Square Day.

32 homes came on the market in June. The average asking price was $471,934 - an increase over the May average.

At the same time 19 homes went under contract with an average listing price of $399,095 and an average of 56 days on market.

Closings often run from 30 to 90 days from the contract date - so June closings from the seasonal increase in buyer activity in March, April & May. Portsmouth saw 28 homes close in May for a total sales price of $11,027,400. The average sale price was $393,836 and was 96.6% of the listing price. The average time on market was 86 days.

The top end of the price range for June was $840,000 for a home in Tuckers Cove.

Based on information from the Northern New England Real Estate Network, Inc. for the period June 1, 2007 to June 30, 2007.