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| MAY 2025 | |||
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| Units Sold 165 |
Active Inventory 300 |
Median Sale Price $272,000 |
Days On Market 26 |
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| Down -5% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -7% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 165 sold this month in Portsmouth City Real Estate versus 147 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 5% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 9%. The total number of active inventory this May was 300 compared to 329 in May 2024. This month's total of 300 is higher than the previous month's total supply of available inventory of 293, an increase of 2%. |
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Median Sale Price
Last May, the median sale price for Portsmouth City Homes was $259,250. This May, the median sale price was $272,000, an increase of 5% or $12,750 compared to last year. The current median sold price is 1% higher than in April. 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 237 |
Current Contracts 187 |
Sold Vs. List Price 100.1% |
Months of Supply 1.8 |
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| Down -2% Vs. Year Ago |
Up 35% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In May, there was 1.8 months of supply available in Portsmouth City. The amount of supply is similar compared to 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 237 homes newly listed for sale in Portsmouth City compared to 243 in May 2024, a decrease of 2%. There were 187 current contracts pending sale this May compared to 139 a year ago. The number of current contracts is 35% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Portsmouth City was 100.1% 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 26, lower than the average last year, which was 28, a decrease of 7%. | |||
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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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