Fri Jul 01 2022
This week the median list price for Portsmouth, RI 02871 is $1,300,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has increased to 54.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,300,000|
|Median Price of New Listings||$649,900|
|Per Square Foot||$440|
|Average Days on Market||75|
|Median Days on Market||21|
|Strong Seller's Market|
Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,900,000||3,600||1 - 2.5 acres||4||3.5||2||1||0||77|
|$1,400,000||3,210||6,500 - 8,000 sqft||4||3.5||0||0||0||7|
|$820,000||2,326||0.25 - 0.5 acre||3||2.5||26||2||0||21|
|$537,500||1,292||6,500 - 8,000 sqft||3||2||67||4||1||7|