Portsmouth NH | What Does The First Quarter of this year Look Like?
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
The first 3 months of 2011 are well past and in the record books now so we can start to get a picture of what the Portsmouth area real estate market looks like this year. The following graph is a comparison of the first quarters of each year for the past 10 years. You can compare the above numbers to the current (as of 4/11/11) number of 155 active listings for single family homes and condos in Portsmouth. We’re starting to see an uptick in both the numbers of sold listings as well as the number of pendings (under agreement but not closed) as well as a decrease in the numbers of new listings coming on the market. Another valuable piece of sales data to determine the current state of the Portsmouth real estate market is the absorption rate, that is, how long does it take a listing to...