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 market all across the United States The lack of homes to sell have put potential home buyers into a very competitive sellers market. The downside of this market for buyers is twofold. First the lack of homes available for sale greatly 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 very strong seller’s market driven by low inventory.
Here’s links to some specific NH Seacoast towns including Portsmouth, Exeter, Dover, Rye, and others.
If you don’t see your town listed please shoot us an email or text and we’ll get it together for you. These reports include market data on sales, sold homes, list to sale rations, days on market, and other useful statistics.
Thinking of selling? Visit PropertyPricer 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 accurate 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 souther 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.