Portsmouth NH June Real Estate Sales Report

By
Real Estate Agent with RE/MAX Shoreline New Hampshire & Maine

 Seacoast Board of Realtors

FOR IMMEDIATE RELEASE                                         FOR MORE INFORMATION

July 8, 2013                                                              Jim Lee, 603-501-3801

                                                                                 Jim@JimLee.com

Portsmouth NH Real Estate Whaleback Lighthouse

 

JUNE SEACOAST REAL ESTATE SALES LOG NEW VOLUME RECORD

PORTSMOUTH NH — June sales of single family homes and condominiums hit all-time highs for at least the past three years in the 13-sample seacoast towns, according to the Seacoast Board of REALTORS.

The 13 sample towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth,  Rye, Seabrook and Stratham.

Buyers continued to scoo p up property while interest rates remain low, leaving single family inventory numbers at a three-year low and off 20.6% from last year.

Nevertheless, single family sales, led by a resurgent mid-higher end market, were up 17.3% from last year. Homes priced in the $700,000 to $1 million range enjoyed their biggest monthly volume (11 sales) in at least three years while the six $1 million-plus transactions were the most since July 2011.

Condominium sales, now up 6.6% for the total year, jumped 37.2% from June 2012.

But median sales prices remained a mixed bag for both condos and single family homes. The condo median ended at $223,000, only the second monthly gain since February but off 6.9% from last year.

The June median single family sales price was $371,500, by far the best for the year, but like condos, off from last year by a modest 1.7%.

“A modest rise in interest rates has not dampened sales,” said Seacoast Board of REALTORS President Jim Lee. “In fact, it seems to have spurred them on to higher numbers.”

“No one knows what the market is going to do next year,” Lee adds, “so now still remains the best time to buy and get a fantastic interest rate.”

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Posted by

Jim Lee , REALTOR®, Certified Residential Specialist (CRS)

http://JimLee.com  RE/MAX Shoreline

100 Market St., Suite #200, , Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

Visit New Hampshire Maine Real Estate.com to search homes, get Seacoast area information, and find out how great living on the New Hampshire and southern Maine Seacoast really is.

 

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Comments (1)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jim - Thank you for the very good information about Portsmonth, New Hampshire June real estate sales report.

Jul 12, 2013 09:15 AM