Portsmouth, NH Real Estate Update – August 2022

Here’s your Portsmouth, NH real estate update for August 2022. There are published during the first 10 days of the following month, e.g. September in this case.

The August median sales price for a Portsmouth home was $750,000, up 21% from the same month in 2021.

Pending sales which are short-term predictors of future sales, were up 5.3% from this past August, demonstrating the Portsmouth market is still healthy despite rising interest rates and economic uncertainty. These figures are in line with 2022 projections which predicted a more modest amount of sales from the more robust 2021 market. Portsmouth NH real estate pending sales August 2022

In August, there was a 1.9 months supply of homes for sale in Portsmouth, NH, demonstrating we’re still firmly in a seller’s market. Any number under 6 months indicates a seller’s market, and over 6 months denotes a buyer’s market.

We’ll have the September numbers around the first week of October. We’re happy to supply these numbers for your area of New Hampshire; just drop us an email or give us a call. We can put one of these in your yard and have you in a new home before Christmas.

Ann Cummings and Jim Lee New Hampshire Realtors

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