Six Homes Sold In Portsmouth In January

Portsmouth Housing Market Report - January 2008

Last January there were twelve homes that sold in Portsmouth, this January there were six. Sold prices ranged from $212,000 for a three bedroom ranch to $405,000 for a three bedroom cape on Thaxter Road.

It took longer for them to sell - last year it was just under three months, this year they were on the market almost two months longer. For the sellers that found a buyer the homes sold for about 4% less that the asking price.

Pending sales for January were way off last year -  there were just five homes that went under contract last month - this is 29.4% of the pending activity from January 2007.

There are currently 57 homes for sale in Portsmouth with an average of 147 days on market. Fifteen homes came on the market in January with an average listing price of $441,335.

Based on information from the Northern New England Real Estate Network, Inc. for the period January 1, 2007 to January 31, 2008.