3rd Quarter Greater Portland ME home sales report

Posted on October 16, 2009

For the 3 months ending September 2009, the greater Portland real estate markets saw market improvement over the first half of the year. The towns of Portland, South Portland, Westbrook, Cape Elizabeth and Falmouth saw a combined total of 431 transactions compared with 372 in the 2nd quarter and 399 for the same period 2008, representing a 7% year over year increase.
The average median price for all 5 communites was 238K, down 12% from266K in 2008 for the same 3 month period. Median prices in the 1st and 2nd qtr 2009 was 263 and 250K respectively.