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| JUNE 2025 | |||
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| Units Sold 147 |
Active Inventory 293 |
Median Sale Price $270,000 |
Days On Market 32 |
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| Down -1% Vs. Year Ago |
Down -15% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 28% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 147 sold this month in Portsmouth City Real Estate versus 168 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 1% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 52 units or 15%. The total number of active inventory this June was 293 compared to 345 in June 2024. This month's total of 293 is lower than the previous month's total supply of available inventory of 329, a decrease of 11%. |
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Median Sale Price
Last June, the median sale price for Portsmouth City Homes was $273,528. This June, the median sale price was approximately the same at $270,000. The current median sold price is 1% lower than in June 2024. 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 211 |
Current Contracts 179 |
Sold Vs. List Price 99.9% |
Months of Supply 2.0 |
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| Up 3% Vs. Year Ago |
Up 32% Vs. Year Ago |
No Change Vs. Year Ago |
Down -14% Vs. Year Ago |
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Months of Supply
In June, there was 2.0 months of supply available in Portsmouth City, compared to 2.3 in June 2024. That is a decrease of 14% 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 211 homes newly listed for sale in Portsmouth City compared to 205 in June 2024, an increase of 3%. There were 179 current contracts pending sale this June compared to 136 a year ago. The number of current contracts is 32% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Portsmouth City was 99.9% 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 32, higher than the average last year, which was 25, an increase of 28%. | |||
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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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