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Portland Maine Summer 2010 Real Estate Report


Evidenced by my lack of real estate postingings throughout the summer months as I was off enjoying sailing and outdoor activities galore,  the Portland Maine real estate markets also took quite a breather with transaction volume down across the board.  47 homes and condos sold in July and 54 sold in August compared with 66 and 5 respectively in July/August 2009 and thus representing 29% and 2% drops.  Pricing however continues to remain stable with median prices clocking in 208K and 219K for the respective summer months. The median days on market bumped up a but, but the total Portland housing inventory actually decreased from 490 in early July to currently 479 at the start of September.

Despite the slower summer season it appears activity will be quite strong  in the southern ME real estate market as we enter the fall season.

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