What’s Happening in the Portsmouth New Hampshire Housing Market? – December 22, 2025 Update

Seller’s Perspective

• Demand & Market Activity: Pending ratio is 16%, indicating moderate buyer activity compared to the number of homes on the market.
• Pricing Power: Homes are selling at an average of 99.1% of their final list price, showing sellers are retaining most of their asking price with minimal concessions.
• Days on Market: Average days on market for sold properties is 56 days, suggesting a typical sale takes about two months—neither a fast nor slow pace.
• Inventory: Months supply is 2.6, which typically points to a market that slightly favors sellers, but is approaching balance.
• Advice: Well-priced, well-presented homes are likely to sell close to asking price, but patience may be needed as the market is not moving at lightning speed.

Buyer’s Perspective

• Negotiation Room: With homes selling at 99.1% of final list and 96.7% of original list, there’s some room for negotiation, especially on properties that have been on the market longer.
• Choice & Competition: Inventory is moderate (2.6 months supply) and average active listing time is high (87 days), so buyers have some selection and less pressure from bidding wars.
• Pricing Trends: Average sold price is $1,031,877, but there are opportunities across all segments, with lower pending ratios in the entry-level and mid-range markets.
• Advice: Buyers can approach with confidence, knowing there’s reasonable inventory and some negotiating leverage, but should be prepared to act decisively on well-priced homes.

Key Takeaway:
Portsmouth is currently a balanced market with a slight tilt toward sellers. Sellers benefit from strong sale-to-list ratios, while buyers enjoy reasonable inventory and less competition than in a hot seller’s market.


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