Category — Market Reports

Portsmouth, New Hampshire Condo Market Report for April 2008

There are currently 80 condos for sale in Portsmouth, NH. The average listing price is $365,546 and the average time on market is 160 days. In April there were a total of 19 new condo listings in Portsmouth with an average price of $399,371.

A total of 21 condos were sold in Portsmouth, NH in April. The average condominium sales price was $339,029  which was 96% of the asking price. Condos that sold were on the market an average of 141 days. There were 10 pending condo sales reported in Portsmouth in April with an average listing price of $402,650.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Portsmouth, New Hampshire Real Estate Market Report
Single Family Homes - April 2008

There are currently 75 homes for sale in Portsmouth, NH. The average listing price is $539,582 and the average time on market is 103 days. In April there were a total of 35 new listings in Portsmouth with an average price of $433,449.

13 homes sold in Portsmouth, NH in April, up 62.5% from April 2007. The average sales price was $431,750 which was 95.5% of the asking price. Homes that sold were on the market an average of 153 days. There were 11 pending sales reported in Portsmouth in April (down from 16 pending sales in April 2007) with an average listing price of $427,991.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Hampton, New Hampshire Condo Market Report for April 2008

There are currently 206 condos for sale in Hampton, NH. The average listing price is $277,860 and the average time on market is 160 days. In April there were a total of 32 new condo listings in Hampton with an average price of $258,344.

A total of 11 condos were sold in Hampton, NH in April. The average condominium sales price was $238,673 which was 94.4% of the asking price. Condos that sold were on the market an average of 197 days. There were 14 pending condo sales reported in Hampton in April (up from 10 sales in April 2007) with an average listing price of $249,800.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Hampton, New Hampshire
Residential Real Estate Market Report for April 2008

There are currently 121 homes for sale in Hampton, NH. The average listing price is $456,791 and the average time on market is 173 days. In April there were a total of 25 new listings in Hampton with an average price of $533,496.

11 homes sold in Hampton, NH in April. The average sales price was $359,923 which was 92.1% of the asking price. Homes that sold were on the market an average of 179 days. Overall, closed transactions were down 26.7% from the same period last year. There were 5 pending home sales reported in Hampton in April. This statistic is more troubling for home sellers in Hampton - in April 2007 there were 22 pending home sales reported in Hampton - last month’s 5 pending sales is a precipitous 71% drop in sales activity.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Dover, New Hampshire Condo Market Report for April 2008

There are currently 97 condos for sale in Dover, NH. The average listing price is $196,152 and the average time on market is 131 days. In April there were a total of 13 new condo listings in Dover with an average price of $211,379.

A total of 6 condos were sold in Dover, NH in April. The average condominium sales price was $189,900  which was 98.4% of the asking price. Condos that sold were on the market an average of 142 days. There were 11 pending condo sales reported in Dover in April with an average listing price of $159,745.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Dover, New Hampshire
April 2008 Single Family Residential Real Estate Market Report

There are currently 191 homes for sale in Dover, NH. The average listing price is $375,958 and the average time on market is 130 days. In April there were a total of 53 new residential home listings in Dover with an average price of $394,797.

15 homes sold in Dover, NH in April. The average sales price was $293,190 which was 94.5% of the asking price. Homes that sold were on the market an average of 179 days. There were 21 pending sales reported in Dover in April with an average listing price of $313,005.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Lee, New Hampshire
April 2008 Single Family Residential Real Estate Market Report

There are currently 31 homes for sale in Lee, NH. The average listing price is $341,926 and the average time on market is 172 days. In April there were a total of 2 new listings in Lee with an average price of $362,000. Last April there were 8 homes that came on the market.

Two homes sold in Lee, NH in April. The average sales price was $217,900  which was 99% of the asking price. Homes that sold were on the market an average of 37 days. There were 3 pending sales reported in Lee in April with an average listing price of $289,967.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

Durham, New Hampshire
April 2008 Housing Market Report

There are currently 34 homes for sale in Durham, NH. The average listing price is $488,879 and the average time on market is 122 days. In April there were a total of 10 new residential home listings in Durham with an average price of $690,270.

6 homes sold in Durham, NH in April. The average sales price was $277,833  which was 95.8% of the asking price. Homes that sold were on the market an average of 130 days. There were twelve pending residential home sales reported in Durham in April with an average listing price of $369,425.

Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2008 to April 30, 2008.

North Hampton, New Hampshire
March 2008 Single Family Home Market Report

There are currently 50 homes for sale in North Hampton, NH. The average listing price is $884,322 and the average time on market is 205 days.

4 homes were put up for sale in North Hampton last month with an average listing price of $892,450. As a point of comparison in March 2007 there were 10 new listings.

There was only one home that sold in North Hampton last month. The sales price was $314,000, which was 95.2% of the asking price and the home was on the market for 287 days. Last March saw 3 homes sell in North Hampton with four pending sales contracts.

There were no homes that went under contract for sale in North Hampton in March. A year ago there were four pending sales in March.

Based on information from the Northern New England Real Estate Network, Inc. for the period March 1, 2007 to March 31, 2008.

Durham, NH - Single Family Home Sales Report For March 2008

How Many Homes Sold In Durham, NH Last Month?

There were three single family home sales in Durham in March, the same volume as last March. The average sales price was $519,633, which was an average of 94.8% of the listing price. There were six homes that went under contract last month, again even with March 2007, however the average listing price of new contracts was up 20% to $340,783.

There are 35 homes for sale in Durham today with an average listing price $487,689 and an average time on market of nearly four months.

Based on information from the Northern New England Real Estate Network, Inc. for the period March 1, 2007 to March 31, 2008.

Dover NH - Residential Home Sales Update - March 2008

There were 10 homes that sold in Dover, NH in March. The average listing price was $313,730 and the average selling price was $300,940. Dover homes sold for an average of 95.9% of the last asking price. Time on market was between six and seven months with an average of 203 days.

March saw a total of 15 Dover homes go under contract with an average listing price of $307,640 and an average time on market of just over seven months.

Dover Boasts High Inventory But Few Sales

45 homes were put up for sale in Dover in March. As of today, there are currently 169 homes for sale in Dover, NH. The average listing price is $359,749 and the average time on market is 124 days. This represents a 17 month supply of homes based on March sales and an 11 month supply of homes based on March pending sales.

How bad is the real estate market in Dover?

There were 10 homes that sold in Dover in March - this was just 43% of the home sales that closed in March 2007. Pending sales contracts were also down significantly - the 15 sales contracts that came together in March represented just 55% of the sales contract volume the previous March. The sales price to listing price ratio remains within a 5% range, but average time on market for closed sales has extended nearly 50 days.

What does it all mean?

Buyers have an abundance of homes to choose from in Dover - sellers should pay very close attention to how their properties are priced against the rest of the homes on the market.

Based on information from the Northern New England Real Estate Network, Inc. for the period March 1, 2007 to March 31, 2008.

Dover NH Real Estate Update - February 2008.

There are currently 157 homes for sale in Dover, NH with an average list price of $363,964.

Overall the real estate story in Dover is similar to other Seacoast communities. Transaction volume in February was down about 30% from last year. There were a total of 13 homes that sold in Dover - the average sales price remained in the same range as last year and the list to sell ratio stayed in the same general range at 97% of sales price.

There were just 12 new sales contracts in February, down over 40% from last year, and the time on market stretched over the six month mark.

40 homes came on the market in Dover last month which was just over twice as many new listings as came on the market last year. The average asking price was up slightly with a 3.6% increase.

Twelve Months Supply Means Buyers Market

Dover’s current inventory of 157 homes for sale represents a twelve month housing supply - a strong buyers market. Sellers should do everything possible to make their property attractive and available to buyers.

Where do you think the Dover market is headed? Leave a comment below!

Based on information from the Northern New England Real Estate Network, Inc. for the period February 1, 2007 to February 29, 2008.