Portsmouth Homes Sell For 96.8% Of Asking Price On Average In September

Portsmouth NH - September 2007
Single Family Home Market Report

In September as in August there were 24 homes that went up for sale in Portsmouth. The average listing price was $347,546.

11 homes went under agreement at an average listing price of $399,155. The average DOM for these homes was 129 days.

Closing activity was back to the level Portsmouth saw in July, with 14 properties sold. The average selling price was $391,493 which was down slightly from August. Days on market was up slightly from August extending to 110 days. The selling price was 96.8% of the asking price on average. It is interesting to note that the while the average selling price amount and variance from asking price in August were skewed by two high end home sales the averages in September were very close to the July numbers.

The sales price of $985,000 was the high water mark for September, so to speak, and was set by a waterfront South End colonial.

Based on information from the Northern New England Real Estate Network, Inc. for the period September 1, 2007 to September 30, 2007.