There are currently 57 single family homes for sale in Portsmouth (approximately one month ago there were 59).
There are currently 13 homes under contract in Portsmouth (approximately one month ago there were 6).
Since Sept 1, 2008 through March 4 2009, there have been 50 single family home sales in Portsmouth which means over the past 6 months, the average has been about 10 homes selling per month and that average goes down to 7 homes per month from November 1, 2008 through March 4, 2009.
However, the numbers drop significantly starting January 1, 2009…since the beginning of the year there have only been 9 single family sales…there were 6 in January and 3 in February.
The average number of days on market for homes that sold during this most recent 4 month period is 114 days, or just over 3 months. By comparison, in a more “healthy” market, we see average time on market closer to 60 – 80 days.
The homes that sold during this time frame (Nov. 08 – early March. 09) sold, on average, within 94% of the asking price.
Based on information from the Northern New England Real Estate Network, Inc.
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