It’s time for another real state market update for Portsmouth, NH, and the New Hampshire Seacoast real estate market.
Tight inventory continues to plague our market as well as many other markets all across the United States. The lack of homes to sell has put potential home buyers into a very competitive seller’s market. The downside of this market for buyers is twofold. First, the lack of homes available for sale significantly lessens the selection for them to choose from. And when they do find a suitable home, there are often multiple offers on that home, and over asking price offers are very common.
“Market Absorption Rate (MAR) is one reliable guide to the type of market that currently exists. Right now, in the Portsmouth NH and New Hampshire Seacoast market, some of the town absorption rates are in the 2-month range, indicating a dependable seller’s market driven by low inventory.
Thinking of selling? Visit Property Pricer for an instant, online evaluation of your most likely selling price. Without actually seeing your home, it’s virtually impossible to come up with an accurate number. We’re happy to drop by and work up some specific numbers for you to use in basing your decision on whether to sell or not.
If you currently live on the New Hampshire Seacoast or in southern Maine, Ann & Jim are your best choice to get your home sold quickly and for the highest price. We each have 38+ years of experience, and every home selling tool there is to serve you.