Wed Nov 25 2020
This week the median list price for Portsmouth, RI 02871 is $974,950 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 46.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$974,950|
|Per Square Foot||$352|
|Days on Market||152|
|Slight Seller's Advantage|
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,490,000||5,056||1 - 2.5 acres||5||4||22||0||0||294|
|$1,395,000||3,143||0.5 - 1 acre||4||4||14||1||0||95|
|$759,500||2,308||0.5 - 1 acre||3||2||31||2||2||192|
|$422,250||1,308||8,000 - 10,000 sqft||3||1||59||2||3||33|