October Average Asking Price Close To Average Selling Price In September

Portsmouth NH - October 2007
Single Family Home Market Report

Just 15 homes came on the market in Portsmouth in October. The average listing price was $395,333. It is interesting to note that the average listing price is now very close to the $391,493 average selling price of transactions that closed in September.

15 homes went under agreement with an average listing price of $397,480 and an average DOM of 84 days.

11 transactions made it to the closing table - this was the lowest number of closed transactions since April. The average selling price was $393,718 which was 94.9% of the asking price on average. Average DOM was 133 days.

There was one sale in the seven figure range - a new construction home with views of Downtown Portsmouth and the Piscataqua River sold for $1,025,000.

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