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Portland Maine..bumping along the bottom?


One of my colleagues told me he always looks for the lowest sale price each month to see if we have hit the bottom of the market.  With this in mind I collected the bottom sale price for the last 5 years as well as the number of properties that sold below $100,000.  The information illustrates the downside of the 2005-06 peak and subsequent troughs. It appears that we are bumping along the bottom, but I am optimistic we have hit the bottom and shall begin to see encouraging housing data on both the Portland Maine condo and housing markets as we go forward as it seems the pseudo Spring weather has brought many home buyers and sellers back into the marketplace.


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