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Portsmouth NH Real Estate for the first half of 2017

by Ann & Jim

The first six months of 2017 have passed so we can take a look at the Portsmouth NH real estate market to see what's been happening. 


The Portsmouth homes market has been very, very active this year with a limited amount of homes for sale and high buyer demand. 

Here's what he Portsmouth absorption rates look like for the first half of the year. 


Any number under 6 indicates a seller's market; a number close to 3 indicates a hot seller's market.. 

In the Portsmouth market we're seeing very low marketing times and multiple offers on listings with 'over the asking price' being common in more desirable areas like Little Harbor and the souther end of town. 

If you're looking for a new home in Portsmouth be prepared to move quickly if you see something that fits your needs. If you're selling or thinking of selling this is a great time for you. 

Visit our Property Pricer website to get an idea of what your home might sell for. 

Questions? We're happy to talk with our. Our direct number is 603-436-1221 and we do answer our phone and return calls promptly. 

Call Ann Cummings and Jim Lee for all your Seacoast real estate needs. 

Should I Buy a Home Now?

by Ann & JimLee

We're often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

This week for Portsmouth NH and the surrounding areas, the forecasted cumulative returns on home values are 5.4% at 1 year, 9.6% at 2 years, and 12.4% at 3 years. 


Portsmouth NH home price index

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

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Ann & Jim
RE/MAX Shoreline
100 Market Street, Suite 200
Portsmouth NH 03801
603-436-1221
603-431-1111
Fax: 866-233-2926