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| MARCH 2025 | |||
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| Units Sold 160 |
Active Inventory 237 |
Median Sale Price $271,000 |
Days On Market 40 |
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| Up 24% Vs. Year Ago |
Down -17% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 160 sold this month in Portsmouth City Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 17%. The total number of active inventory this March was 237 compared to 284 in March 2024. This month's total of 237 is lower than the previous month's total supply of available inventory of 289, a decrease of 18%. |
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Median Sale Price
Last March, the median sale price for Portsmouth City Homes was $257,000. This March, the median sale price was $271,000, an increase of 5% or $14,000 compared to last year. The current median sold price is 2% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 198 |
Current Contracts 201 |
Sold Vs. List Price 99.4% |
Months of Supply 1.5 |
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| Down -6% Vs. Year Ago |
Up 46% Vs. Year Ago |
No Change Vs. Year Ago |
Down -33% Vs. Year Ago |
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Months of Supply
In March, there was 1.5 months of supply available in Portsmouth City, compared to 2.2 in March 2024. That is a decrease of 33% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 198 homes newly listed for sale in Portsmouth City compared to 210 in March 2024, a decrease of 6%. There were 201 current contracts pending sale this March compared to 138 a year ago. The number of current contracts is 46% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Portsmouth City was 99.4% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 40, higher than the average last year, which was 37, an increase of 8%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by REIN and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of REIN or Long & Foster Real Estate, Inc. |
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