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1st Quarter 2011 Greater Portland Housing Market Update

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Well.. despite the clouds, rain and snow.. Spring is doing its best to reach us here in Maine!  The first quarter of 2011 yielded little surprise as the region as a whole was down about 25% in transaction volume compared with the same time period a year prior whilst prices continue stabilize  with real estate in Portland Maine actually showing a statistical 8% increase in median pricing compared to 2010 as the median price clocked in at 222K compared with 206K last year.. however this is probably more the result of less first time home buyers in the market place than of actual price appreciation.  Alas the mid coastal area including homes in Bath and Brunswick continue to see slackened demand overall, but prices here are fairly stable as well.

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