Portsmouth NH Homes Condos Real Estate

                            Portsmouth NH Condos For Sale

Portsmouth New Hampshire Condo Buyers - weve got some great condo choices for you if youre looking to buy now!

This is a terrific time to be a buyer, actually the best time in many years due to the lower interest rates, lower prices than weve seen in a number of years, and the variety of choices available.  All of that combined with this super Seacoast location - come on out and start shopping for your new condo today!!

Here in Portsmouth NH, we currently have 87 condos for sale, and they range in price from $126,500 to $1,250,000.  And our condos vary greatly, from condos in condo complexes to condos and townhomes in converted historic buildings to luxury penthouses in the heart of downtown Portsmouth.

The links below will show you a sampling of condos currently for sale here in Portsmouth, broken down by price range:     

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              New Hampshires Beloved Old Man of the Mountains

Each Sunday, I usually do my ˜Seacoast Sunday Scenes post, but today, I wanted to pay tribute to New Hampshires beloved state logo - our ˜Old Man of the Mountains.

Five years ago yesterday, May 3rd, the rock formations that created the ˜Old Man of the Mountains profile slid into history and fell at the basin of Cannon mountain.  Sometime between midnight and about 2-3am on the morning of May 3, 2003, he slid down the slopes, and when the fog lifted that morning, he was really gone. 

It may seem trivial to some, but for those who make New Hampshire their home or who came to love our ˜Old Man in the Mountains on their visits to NH, this came as a total shock to those who cherished him.  Many remember just where they were when the got the news that wed lost our Old Man, just as they do when JFK was shot or Martin Luther King was shot, or when the terrible events of 9-11-2001 took place.  Obviously this was nowhere near as tragic as those events, but momentous to New Hampshire lovers all the same.

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Portsmouth New Hampshire Homes For Sale - May 2008

Interested in Portsmouth New Hampshire real estate? Weve got some great housing choices in all price ranges as well. Check out the links below for homes currently for sale in various price ranges.

Weve got something for everyone - Portsmouth NH really is a special place to call HOME!

There are currently 74 Portsmouth NH homes for sale - heres a sampling, broken down by price ranges:

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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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