Thu Apr 02 2020
This week the median list price for Portsmouth, RI 02871 is $624,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 69.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$624,000|
|Per Square Foot||$305|
|Days on Market||145|
|Slight Seller's Advantage|
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,499,000||3,570||0.5 - 1 acre||4||3||17||0||0||230|
|$744,500||2,600||0.5 - 1 acre||4||2||17||0||3||104|
|$510,000||2,130||0.5 - 1 acre||3||2||42||2||0||103|
|$359,500||1,349||0.25 - 0.5 acre||3||1||65||2||1||143|