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June 2009 Portland ME market report

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For the month ending June 2009, the Portland ME real estate markets posted fairly solid numbers in my opinion.  A total of 65 transactions transpired at a median price of 205K.  This is a 5% drop in value from a median price of 215K a year prior, but volume has continued to tick upwards everymonth since February and now with the Maine State Housing “Gift of Green” adding an addition 5K bump to the 8K federal tax credit, the southern Maine Housing markets should continue to truck along just fine throughout the summer season.

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