Portsmouth City Housing Market Data

There was an increase in total units sold in April, with 105 sold this month in Portsmouth City Real Estate versus 91 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 15% versus April 2012.

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Versus last year, the total number of homes available this month is higher by 39 units or 5%. The total number of active inventory this April was 813 compared to 774 in April 2012. This month's total of 813 is higher than the previous month's total supply of available inventory of 807, an increase of 1%.

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Last April, the median sale price for Portsmouth City Homes was $126,900. This April, the median sale price was $128,000, an increase of 1% or $1,100 compared to last year. The current median sold price is 24% higher 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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In April, there was 7.7 months of supply available in Portsmouth City, compared to 8.5 in April 2012. That is a decrease of 9% 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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This month there were 210 homes newly listed for sale in Portsmouth City compared to 193 in April 2012, an increase of 9%. There were 121 current contracts pending sale this April compared to 106 a year ago. The number of current contracts is 14% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Portsmouth City was 96.2% of the average list price, which is similar compared to a year ago.

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This month, the average number of days on market was 121, higher than the average last year, which was 117, an increase of 3%.

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Focus On: Portsmouth City Housing Market			April 2013
Units Sold 105	Active Inventory 813	Median Sale Price $128,000	Days On Market 121

Up 15% Vs. Year Ago	Up 5% Vs. Year Ago	Up 1% Vs. Year Ago	Up 3% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 105 sold this month in Portsmouth City Real Estate versus 91 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 15% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is higher by 39 units or 5%. The total number of active inventory this April was 813 compared to 774 in April 2012. This month's total of 813 is higher than the previous month's total supply of available inventory of 807, an increase of 1%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Portsmouth City Homes was $126,900. This April, the median sale price was $128,000, an increase of 1% or $1,100 compared to last year. The current median sold price is 24% higher 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. Click here to compare the median sale price of this area against other locations.



New Listings 210	Current Contracts 121	Sold Vs. List Price 96.2%	Months of Supply 7.7

Up 9% Vs. Year Ago	Up 14% Vs. Year Ago	No Change Vs. Year Ago	Down -9% Vs. Year Ago

iCharts		Months of Supply In April, there was 7.7 months of supply available in Portsmouth City, compared to 8.5 in April 2012. That is a decrease of 9% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 210 homes newly listed for sale in Portsmouth City compared to 193 in April 2012, an increase of 9%. There were 121 current contracts pending sale this April compared to 106 a year ago. The number of current contracts is 14% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Portsmouth City was 96.2% of the average list price, which is similar compared to a year ago. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 121, higher than the average last year, which was 117, an increase of 3%. Click here to compare the days on market of this area against other locations.		iCharts



*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.