Portsmouth NH Homes Condos Real Estate

Portsmouth New Hampshire Real Estate Absorption Rate Information

If you’re a property owner in the Portsmouth New Hampshire area, or anywhere for that matter, one of the things that’s really important to know in today’s real estate market is the absorption rate for your area. 

What is that, and more importantly, why should you care about it?

The real estate absorption rate tells you just how long it would take for the buyers out there in the market to absorb the current inventory of homes or condos with no more new listings coming on the market.  We start with the number of sales that took place within a specific period of time, and then we look at the number of properties currently for sale, and come up with amount of time it would take to sell every property currently on the market.

I’ll show you how we figure it out.  Let’s take Portmouth New Hampshire homes as an example:
In the last 5 months, we had 42 homes sell, and we currently have 80 homes for sale.  If you divide 42 (homes sold) by 5 (months - the time period I used in this example), we get 8.4, which is the average number of homes sold per month in the last 5 months.  So, if we’ve got 80 homes currently on the market for sale, it will take almost 9 1/2 months to absorb that amount of inventory, assuming no new listings come on the market to increase that inventory. 

So, now why is knowing that number important to you?    

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Portsmouth New Hampshire Homeowners - Do You Want to Sell Your Home or Condo?

Homeowners in the Portsmouth NH Seacoast areas are lucky to be in an area where the interest in living in such a gorgeous area hasn’t caused our market to drop as much as some real estate markets in other areas around the country. 

Our sales are off a little compared to the fast-paced markets of just a few years ago, and because of that, if you have a home or condo that you need to sell fairly quickly in todays market, you need to be aggressive in several ways to bring about a sale.

Here are 5 mistakes to avoid when selling Portsmouth NH homes and condos in todays real estate market:       

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       Portsmouth New Hampshire Homeowners - Spring is HERE! 

With the advent of spring, thoughts turn to buying and selling real estate in the Portsmouth New Hampshire and Maine Seacoast areas.  If you’re a homeowner thinking about putting your home on the market, you really want to create some great curb appeal that beckons buyers from the road to come on in and see the rest of what awaits them inside.

Creating nice curb appeal doesn’t have to cost a lot of money.  There are plenty of things you can do that are pleasing to the eye and really cause potential homebuyers to want to see the inside of your home.  Theres an old saying, ˜you never get another chance to create a really good first impression, and in real estate, that is so true.



Here’s a list of eight fairly easy and inexpensive things you can do to spruce up the outside of Portsmouth NH homes for those buyers you want to fall in love with it:        

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New Hampshire Real Estate Owners - Maine Homes and Condos Owners

Have you ever seen the signs on the side of the road at intersections or nailed to telephone poles about buying real estate - homes - condos? 

How about those ads in tabloid-type papers and magazines at store entrances?  Or those spam-type ads you see in emails and various websites?  ‘Send us your real estate information and well send you an offer!’ - ever see those kinds of ads?



I know I see them all over the place, and that may be because Im a New Hampshire and Maine REALTOR, and just naturally pick up on those kinds of things.  And I always cringe when I see them because I know what they really mean - those people generally, not all but most, try to take advantage of a real estate owners distressed situation and their real need to sell.  Discount buyers¦..

Well, I happened upon an article (an ad) just like one of those this past week that seemed like it had a little more credence than most I see.  It seemed a little more legitimate than some, so I thought Id mention it to one of my sellers who had hired me to market and sell his Portsmouth NH condo.  I utilize all kinds of marketing and ways to get the word out about the listings Ive been hired to sell, and I thought this might be one more way to try to help my seller.

I sent him the article (ad) and asked him if he was interested in seeing what these ˜buyers might be willing to pay for Portsmouth condos.  He was game and said ‘lets send them my property info’, so we did just that.

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