Downtown Portsmouth Condo Sale Tops One Million Dollars in February

Portsmouth NH - February 2007
Condominium and Town Home Market Report

February saw 20 condos hit the market at an average listing price of $466,545. Pending contracts increased over January to 12 total with an average listing price of $360,867 and an average days on market stretching past the five month mark to 157 days.

Seven condos closed with an average sales price of $211,633 which was 96.9% of the asking price. The average DOM for those sales was 69 days. Sold condos ranged from a one bedroom on State Street that sold for $122,000 to a newly built two bedroom at 10 Congress for $1,048,900.

Based on information from the Northern New England Real Estate Network, Inc. for the period February 1, 2007 to February 28, 2007.