Residential market activity for August

Residential market activity for August

Good morning, some solid residential activity for the month August in the seacoast real estate market (8/1–8/28).  There were 29 broker sponsored sales this month in Dover.  The average DOM (days on the market ) was 70.  The average sales price in Dover was around 277k.  The Portsmouth residential real estate market had 11 closings during this time period.  The average DOM was 31 and the average sales price was $412,500.  Finally, Rochester had 21 broker sponsored sales.  The average DOM was 99 and the average sales price was $160,358.

These numbers are significantly better then previous years as we continue to see the housing market improve on the seacoast.  The gap between buyers and sellers is narrowing and this can lead to a more normal housing market.