No Summertime Blues In Portsmouth

Portsmouth NH - July 2007
Single Family Home Market Report

The market typically slows down somewhat in July as people focus their energy on summer vacations. This July was no exception, but the market remained active.

20 potential sellers put their homes on the market for an average asking price of $473,070 which was just a hair away from the June average.

The number of homes that went under agreement was down slightly from June. The average listing price of the 14 homes that went under contract was $301,229 with an average of 74 days on market.

The total selling price for all the homes that closed in July was $5,195,200. There were 14 change of address cards in all. The average selling price was $371,086 which was 96.7% of the asking price and the average DOM was just 68 days.

Closings in July ranged from a three bedroom ranch style for $212,000 to a Little Harbor Victorian on Miller Ave. that sold for $665,00.

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