Rockingham County, NH Real Estate News

By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
No homes for sale? Look again. If you’re looking to buy a home on the New Hampshire Seacoast you need to have the latest information on the housing market. To help you make that possible, here’s an update on the supply of Seacoast homes for sale today. No matter if you’re looking to buy of sell, the number of homes available in your local market matters. See the chart below; there are currently 268 single family homes and condos available in the NH Seacoast, a 3.9% increase from the same time period in 2022. New Hampshire Seacoast single-family homes and condos for sale as of November 21, 2023Housing inventory is up in almost every state in the country. More homes for sale but are they selling? The answer to that question would be “yes”. Pending sales are sales that are in process but n...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
In today’s fast-paced world, the dynamics of family living have evolved.With changing economic landscapes and societal norms, multi-generational homes have become increasingly popular. A multi-generational home, defined as a residence where two or more adult generations live under one roof, offers many advantages. If you are considering buying a home in the charming city of Portsmouth, NH, or the New Hampshire Seacoast, exploring a multi-generational home might be the key to unlocking a convenient and financially prudent living arrangement.What is a multi-generational home?Financial Stability and Shared ExpensesBuying a multi-generational home can provide significant financial benefits. Shared living spaces mean shared expenses, from mortgage payments to utility bills. This collaborativ...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
The September market statistics are out for Portsmouth, New Hampshire. Read on to see the latest Portsmouth property trends. The average price for a Portsmouth single-family home in September was $628,156, that’s a 26.8% decrease from the same time period in 2022. The Portsmouth condo average was $$1,030,245, a 9.8% jump from September 2022. There were 25 closed sales of single-family homes and condos in September vs. 38 in 2022. That’s a 34.2% drop. Because Portsmouth is a fairly small market area, the short-term data shows some wide fluctuations but the overall, long-term pricing trend is very robustly up. What does the rest of 2023 look like for the Portsmouth NH real estate market? Total pending sales of both single-family homes and condos in September were 31, a 10.7% increase from...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Waiting to buy a home in Portsmouth, NH could prove to be a costly mistake.With prices projected to keep rising, it’s essential to act sooner rather than later if you’re considering purchasing a property in this vibrant coastal city.1. Rising Home Prices:Portsmouth’s housing market has consistently seen home prices on an upward trajectory. Demand for homes in this beautiful coastal city has outstripped supply, intensifying competition among buyers. Delaying your home purchase could mean facing higher prices, potentially making it more challenging to find a property within your budget.2. Limited Inventory:The availability of homes in Portsmouth is relatively low compared to the high demand from prospective buyers. This scarcity can further drive up prices. By waiting, you risk encounteri...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
What is property fraud and how can I avoid it?Property fraud is when someone uses a false identity to change the ownership of a property from your name to their name. Once they have the property in their usually false name, they can use the equity in your property as collateral and get as many loans as possible using your property as security. This goes on behind the scenes and victims usually have no idea it’s even happening until they start getting past-due notices and calls from creditors looking for repayment of their loan.What about those “title protection” services? You may have seen or heard advertisements from companies advertising “Title Lock” protection or similar wording. They often pay celebrities big bucks to advertise their products while using scare tactics to frighten yo...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Why Median Home Sales Price Is Confusing Right NowThe National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following along and reading the blogs saying home prices have hit the bottom and have since rebounded.So, why would this say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology of each one. NAR reports on the median home sales price, while some other sources use repeat sales prices. Here’s how those approaches dif...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Housing Market Forecast for the second half of 2023We’re over halfway through 2023 now so let’s take a look at what’s happened in the first half of the year and make some predictions for what the Portsmouth, NH housing market for the rest of the year might look like.Home price Forecastfor single-family homes and condos in Portsmouth and the New Hampshire Seacoast continue to appreciate and I note that Portsmouth crossed the million-dollar mark for average sales price in July for the first time ever. That figure was driven by several multi-million dollar sales of single-family homes and two large new homes developments coming on line with million-dollar price points. On the bright side, there are still some relatively reasonable prices for single-family homes and condos to be found in Po...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Here’s why waiting to buy a home is a bad idea.Portsmouth, New Hampshire, and NH Seacoast home prices are projected to continue to rise, and the longer you wait, the more you’ll pay. If you’re considering buying a home in Portsmouth, New Hampshire, it’s essential to act sooner rather than later. The real estate market in this vibrant coastal city is thriving, and waiting could prove to be a costly mistake. Here’s why delaying your home purchase in Portsmouth, NH, could result in higher prices and missed opportunities.Portsmouth’s housing market has seen a consistent upward trajectory in home prices.With demand surpassing supply, the competition among buyers has intensified. If you wait to buy a home, you may face higher prices, making finding a property within your budget more challengi...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Don’t miss our latest market minute video.If you're considering buying a home in Portsmouth, New Hampshire, it's essential to act sooner rather than later. The real estate market in this vibrant coastal city is thriving, and waiting could prove to be a costly mistake. Here's why delaying your home purchase in Portsmouth, NH, could result in higher prices and missed opportunities. #annandjim #lifeontheseacoast #buynow #video #realestate  
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
 Now is a great time to sell your house in Portsmouth, NH, and the surrounding New Hampshire Seacoast area. The supply of Portsmouth, NH homes is low; low inventory means less competition for your house. You’ve probably heard about the intense competition and bidding wars that characterized the housing market over the last few years. While the peak of that frenzy may be behind us, it doesn’t mean you’ve missed your chance to successfully navigate the real estate waters and sell quickly for the best price. In fact, there are still plenty of opportunities to be found in this thriving market.Watch Our One Minute Market UpdateTo understand the current state of the New Hampshire Seacoast housing market, let’s look at a graph that illustrates the trend in the supply of homes for sale. This me...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
In the past year, uncertainty and speculation have surrounded the real estate market. Many housing experts predicted a home price crash in 2023, leaving people unsure about the housing market’s stability.However, recent data from Fannie Mae tells a different story. Contrary to the forecasts, there has been a slow but steady improvement in confidence in home prices this year. As we entered 2023, the alarming predictions significantly impacted Americans’ perceptions of the housing market. According to the historical survey conducted by Fannie Mae last December, a higher percentage of Americans believed that home prices would decline in the next 12 months compared to any other December on record. This uncertainty led to hesitancy among buyers and sellers, causing a temporary slowdown in re...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Forget the median price – it’s all about what you can afford when exploring the real estate market in Portsmouth, NH.While the median price provides a quick snapshot of the market, it fails to capture the intricacies and nuances that can significantly impact your buying or selling decisions. Let’s delve deeper into the Portsmouth, NH, real estate market with insights from trusted local experts Jim Lee and Ann Cummings of RE/MAX Shoreline. Find out why relying solely on the median price may lead to misleading conclusions and how to understand the local market best.The median price is often used as a real estate market benchmark. However, it’s essential to understand its limitations. The median price represents the middle point of a list of sale prices, separating the higher-priced proper...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Discover the Top 7 Reasons to Choose the New Hampshire Seacoast for Your Ideal HomeImagine living where stunning ocean views, sandy beaches, and a vibrant community are at your doorstep. Prepare to be captivated by the allure of the New Hampshire Seacoast, where Ann Cummings and Jim Lee await to guide you through your real estate journey. Brace yourself for an enticing adventure that will leave you longing for a slice of coastal paradise.Here are seven compelling reasons why the New Hampshire Seacoast is the ultimate destination for your residential dreams: Unrivaled Coastal Beauty: Prepare to be mesmerized by the breathtaking landscapes that only the New Hampshire Seacoast can offer. Picture yourself waking up to picturesque sunrises, the gentle sounds of crashing waves, and the refres...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Are you considering moving to Portsmouth, New Hampshire? If so, you’re not alone! This charming coastal city has become a popular destination for people from all walks of life.In this blog post, we’ll explore five reasons people love living in Portsmouth, New Hampshire.Rich HistoryPortsmouth, New Hampshire, is a city that’s steeped in history. Founded in 1623, it’s one of the oldest cities in the United States. This year, 2023, Portsmouth is having a yearlong celebration of its 400th anniversary. Visitors and residents alike can immerse themselves in the city’s history by visiting the Strawbery Banke Museum, which features restored 17th-century buildings and exhibits that bring the city’s past to life. Portsmouth has many other historical sites, buildings, and places. The locals say you...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
What are the two reasons owners are selling their houses now? The real estate market constantly fluctuates, and New Hampshire Seacoast homeowners must know the best time to sell their homes. In recent years, the housing market has seen an increase in homeowners selling their houses to make a profit or to meet their changing needs. Let's explore why homeowners sell their homes and why they should hire Ann Cummings and Jim Lee with REMAX Shoreline to represent them during the sale. Visit our website, New Hampshire Maine Real Estate, to find great, free seller tools for you to use. The first reason homeowners sell their homes is to make a profit. With the real estate market's recent surge, homeowners are taking advantage of the opportunity to sell their homes for more than they originally ...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Key Takeaways: Closing costs are a part of every real estate sale Many variables determine the price of closing costs Ask your local real estate expert for specifics about closing costs When buying or selling a home, it’s essential to understand what closing costs entail. Closing costs are expenses and fees that must be reconciled before the sale can be finalized. These costs typically include appraisal fees, survey fees, title costs, credit report fees, loan origination fees, underwriting costs, recording fees, and taxes. However, the specific costs may vary depending on your region and the terms of your contract. As your real estate professionals, we can provide you with a detailed breakdown of what will be included in your closing costs based on your specific situation.How Much Are C...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Key Takeaways: If you’re planning to buy or sell a home in Portsmouth, NH, you may be wondering whether to buy first or sell first. The decision can be daunting, but weighing the pros and cons of each option can help you make an informed choice. Here are some key takeaways to consider before making a decision: There’s no right or wrong answer when it comes to the order of buying and selling a home. It largely depends on your personal preferences and circumstances. If you’re considering buying first, some pros to consider include having more time to find your dream home and avoiding the stress of potentially being homeless if your current home sells quickly. On the other hand, selling first can give you a clearer idea of your budget for a new home and may make it easier to secure financi...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Multigenerational living, the practice of several generations living together in one household, is becoming increasingly popular in Portsmouth, New Hampshire. This is due to its many benefits, which include cost savings, family bonding, caring for older generations, and helping young adults get started.One of the most significant benefits of multigenerational living is cost savings. Families can pool their resources to pay for housing, utilities, and other living expenses by living together. This can be particularly beneficial for young adults who are just starting and may struggle to make ends meet.Another advantage of multigenerational living is the opportunity for family bonding. By living close to one another, family members have more opportunities to spend time together, share meal...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
How recent financial events could lead to significant savings on your dream home?In the ever-changing world of finance and real estate, sometimes the unexpected can lead to new opportunities. The recent collapse of Silicon Valley Bank and a few other regional banks might seem awful, but it could present a golden opportunity for potential NH Seacoast homebuyers. Let’s delve into the backstory and explore how these events can benefit you.A Brief BackstoryA few years ago, in 2020 and 2021, banks saw a flood of new deposits due to stimulus money and increased savings during the pandemic. Banks invested in low-interest treasury bonds and mortgage-backed securities to make the most of this influx, locking in 1-2% returns for years. Fast forward to today, and the Federal Reserve has significan...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
2 Things NH Seacoast Sellers Need To Know This Spring A lot has changed over the past year, and you might wonder what’s in store for the NH Seacoast spring housing market. If you plan to sell your house this season, here’s what real estate experts say you should remember.1. Houses That Are Priced Right Are Still SellingHouses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”The need to price your NH Seacoast house right is essential today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:“With a smaller pool of buyers today and more competition from...
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