Portland Maine February 2009 housing stats

The month of February posted some more encouraging numbers for homes sales in Portland ME. 31 transactions occured at an average price of 240K with the average residential home sitting on the market for about 120 days. This is significantly up from January (55%) when only 20 transactions took place and down only 16% from a year prior. Pricing is down 8% from a year prior and the days on market was similar to a year prior. Relative to January, the Days on Market was up significantly though. Inventories continue to drop clocking in at 355 vs 389 a month prior.

Thanks for reading about Portland Maine Real Estate.

I am a Maine buyers agent with Green Tree Realty in Portland and can be reached at 207-650-5383 or email john@greentreemaine.com.