What’s Happening in the Portsmouth New Hampshire Housing Market? – December 9, 2025 Update

Seller’s Perspective

• Demand & Market Activity: The pending ratio is at 16%, which signals moderate buyer activity relative to inventory. Properties are averaging 108 days on market if active, but sold homes averaged just 53 days—well below the active average, indicating that well-priced homes are moving faster.
• Pricing Power: Sellers are achieving, on average, 99.2% of their final list price at closing, and 96.9% of their original list price. This suggests that while there may be some negotiation, homes are generally selling close to their asking prices.
• Inventory & Competition: Months’ supply sits at 3, indicating a balanced market but trending toward the seller’s favor (typically, under 4-5 months is considered a seller's market).
• Advice: Pricing competitively and preparing homes for market are critical. Well-priced homes are selling quickly and with minimal discounting.

Buyer’s Perspective

• Negotiation Room: Buyers are typically able to negotiate about 3% off the original list price, but only about 1% off the final list price, so the best deals are often on homes that have been on the market longer or have had price reductions.
• Inventory Choices: With 111 active listings and a months’ supply of 3, buyers have options but should act decisively on well-priced properties, as those are selling in less than two months on average.
• Time on Market: While some listings linger, the median sold home closes in 32 days—meaning attractive properties move quickly.
• Advice: Be prepared to move quickly on desirable homes and have your financing in place. Focus on properties with recent price reductions for potential value.

Key Takeaways

• The Portsmouth market is balanced but slightly favoring sellers.
• Sellers benefit from strong pricing, but buyers can still find negotiation opportunities, especially on stale listings.

Both sides should be ready for swift transactions on well-positioned properties.


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