What’s Happening in the Portsmouth New Hampshire Housing Market? – January 9, 2026 Update

Seller’s Perspective

Strong Demand in Higher Price Segments

• The overall pending ratio is 26%, with the $1M+ segment notably higher at 46%—indicating strong buyer interest at the upper end.
• Average sale-to-final list price ratio is 98.9%, so most sellers are achieving close to their asking price.
• Months’ supply is low at 2.4 months, suggesting a seller-favorable market with limited inventory and steady demand.

Quick Market Movement

• Average days on market for sold homes is 59, with a median of 36 days—homes are moving relatively quickly, especially in the mid-to-upper price ranges.
• Sellers in the $1M+ segment see even stronger performance, with homes selling at 97.1% of original list and 98.2% of final list price.

Advice:
If priced correctly, listings are likely to attract offers near asking price and move within 1–2 months. Consider listing sooner rather than later to capitalize on current demand, especially in the $1M+ range.

Buyer’s Perspective

Competitive Market, But Opportunities Exist

• Limited inventory (2.4 months supply) means buyers should be prepared for competition, especially in high-demand segments.
• However, the $500k–$1M range has a lower pending ratio (14%), indicating slightly less competition and more room for negotiation.
• Buyers are generally paying 98.9% of final list price, so lowball offers are unlikely to succeed.

Days on Market & Negotiation

• Average DOM for active listings is 86, but for sold properties, it’s 59—suggesting some listings linger while well-priced homes move fast.
• In lower price points ($0–500k), homes are still moving but with a lower pending ratio, so buyers may have more leverage here compared to the luxury segment.

Advice:
Act quickly on well-priced homes, particularly in the $1M+ range, but don’t overlook mid-range opportunities where competition is less intense. Be prepared to offer close to asking price, and have financing ready.

Summary:
Portsmouth remains a seller’s market, especially for luxury properties, but buyers in the mid-range may find more options and negotiation room. Both sides should be prepared for relatively quick transactions and pricing close to list values.

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