Are you considering selling your home but unsure how long the process might take? It’s a common question, and understanding market conditions is key to setting realistic expectations.
What’s happening in the New Hampshire Seacoast market?
While each local real estate market has its own dynamics, understanding national trends can provide a helpful baseline. However, when it comes to timing, your local market truly matters. Partnering with experienced local experts like Ann Cummings and Jim Lee is essential to getting accurate, up-to-date information about the Portsmouth, NH, area. They will guide you through the market conditions specific to your neighborhood.
Here are some of the market factors we will walk you through.
More Homes, More Options, More Time on the Market
The number of homes on the market has been increasing, which gives buyers more options—but it also means homes are staying on the market longer. According to local data, homes are taking an average of 31 days to sell, slightly longer than during the competitive years of low inventory. However, even with this increase, homes are still selling faster than they did in pre-pandemic times.
Local Expertise is Key
While the national average might be 55 days, homes in Portsmouth and the New Hampshire Seacoast may sell faster or slower depending on the property type, pricing, and local demand. Great real estate agents like Ann and Jim will help ensure your home stands out, whether through strategic pricing, staging, or a comprehensive marketing plan designed to reach the right buyers. Take a look at the selling resources we use for you.
A Seller’s Market Still Persists
Despite longer selling times, demand still outpaces supply. This means homes that are well-priced and present well are still selling quickly. Currently, Portsmouth has a 4.2-month supply of homes for sale. Less than a 6 months supply is indicative of a seller’s market. If you’re ready to move, Ann and Jim have the local knowledge to help your home get noticed by the right buyers—possibly even faster than you expect.
Bottom Line
Selling your home can feel overwhelming, especially when you’re unsure about the timing. Contact Ann and Jim today for an expert evaluation and guidance on how long it may take to sell your home in the Portsmouth, NH, and New Hampshire Seacoast area.
