Sat Jul 11 2020
This week the median list price for Portsmouth, RI 02871 is $744,500 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has held steady at or around 57.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$744,500|
|Per Square Foot||$345|
|Days on Market||171|
|Slight Seller's Advantage|
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,897,500||4,721||1 - 2.5 acres||4||4||15||0||1||256|
|$967,250||2,828||0.5 - 1 acre||4||2||0||0||1||96|
|$649,950||2,052||0.5 - 1 acre||3||2||33||2||2||168|
|$354,500||1,200||0.25 - 0.5 acre||3||1||61||3||4||161|