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Portland Maine Real Estate Snapshot – November

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Currently in the Portland Maine real estate market there are 219 single family homes on the market offered at a median price of 299K and 214 condos for sale in Portland offered at median list price of 214K.  To date through 2009, a total of 561 residential units including both single family and condos have sold at a median price point 210K after sitting on the market for about 50 days.

The Portland Maine residential markets overall remain healthy as we enter the winter season.  If a property is priced right it will sell quickly, but overpriced inventory has and continues to clog the market place as well as continuing short sales and foreclosures.

Thanks for reading,
John
Maine Buyers Agent
Green Tree Realty

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