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| APRIL 2025 | |||
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| Units Sold 146 |
Active Inventory 249 |
Median Sale Price $269,950 |
Days On Market 42 |
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| Down -15% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 40% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 146 sold this month in Portsmouth City Real Estate versus 162 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 15% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 25 units or 9%. The total number of active inventory this April was 249 compared to 274 in April 2024. This month's total of 249 is lower than the previous month's total supply of available inventory of 284, a decrease of 12%. |
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Median Sale Price
Last April, the median sale price for Portsmouth City Homes was $251,750. This April, the median sale price was $269,950, an increase of 7% or $18,200 compared to last year. The current median sold price is 1% lower than in March. 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 207 |
Current Contracts 197 |
Sold Vs. List Price 100.4% |
Months of Supply 1.7 |
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| Down -12% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 0.8% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Months of Supply
In April, there was 1.7 months of supply available in Portsmouth City, compared to 1.6 in April 2024. That is an increase of 7% 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 207 homes newly listed for sale in Portsmouth City compared to 235 in April 2024, a decrease of 12%. There were 197 current contracts pending sale this April compared to 199 a year ago. The number of current contracts is 1% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Portsmouth City was 100.4% of the average list price, which is 0.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 42, higher than the average last year, which was 30, an increase of 40%. | |||
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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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