Portsmouth NH - March 2007
Single Family Home Market Report
In March the single family home market in Portsmouth saw a slight pick up in activity over February as 13 homes went under contract for sale with an average listing price of $413,892 for a total offered price of $5,380,600.
As sellers began to anticipate the spring market a total of 29 homes came on the market at an average asking price of $448,410.
March saw a total of 9 sets of keys change hands at the closing table for a total value of $3,422,500 with an average selling price of $380,000 which was an average of 96.28% of the listing price. Average days on market for those properties were over six months at 196 days.
Unlike January and February there were no fixer uppers in Atlantic Heights that sold in March so we saw the average sale price return to a more normal $380,000 level. A completely renovated 3BR circa 1829 federal style home on Austin Street set the top end of the sold range for the month at $515,000.
Based on information from the Northern New England Real Estate Network, Inc. for the period March 1, 2007 to March 31, 2007.
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