December Condominium Sales Activity Edge Up Slightly From November In Portsmouth

Portsmouth NH - December 2007
Condominium and Town Home Market Report

This year a combination of seasonal holiday slowdown, much higher than average December snowfall, and the mood of the market will make this a relatively short condo report.

There were 13 new listings on the market with an average listing price of $366,338.

There were 9 condos that went under agreement with an average listing price of $264,322.

There were five transactions that closed in December. The average selling price was $222,540 which was an average of 94.5% of the selling price. Average time on market was 135 days. The five closings were in a narrow price range from $137,900 for a two bedroom in The Cedars to $274,900 for a three bedroom townhouse at Spinnaker Point.

That wraps up the monthly Portsmouth condo market reports for 2007. Check back in a few days for the 2007 market summary.

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