Real Estate in Portland Maine Seasonal Recap

The residential real estate market in Portland Maine posted solid results for the 3 months ending August 2009.

A total of 186 properties which includes condos and single family homes in Portland sold compared to 230 a year prior and thus representing a volume drop of about 20%. Median home prices, although stabalizing month over month, were down about 8% compared with the year prior and clocked in at 203K compared with 222K. The meidan days on market for a home was 46 days.

Thanks for reading,

John Herrigel

Maine Buyers Broker