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South Portland Maine Real Estate in 2008

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Following suit with the rest of the state of Maine, real estate in South Portland saw significantly decreased transaction levels for the year ending 2008. 265 residential properties traded hands at an average price of 226K compared with 2007 when 344 southportlandmainehomedom.jpgproperties were sold at 2008 South Portland Average sold prices.an average price of 245K.  This represents a volume drop of 23% and a pricing drop of 8%.  South Portland’s median price in 2008 was 199K compared with 215K in 2007.  The days on market inched upwards again adding 8 days to the 2007 figure of 73.  In this graph one can see the continued upward trend in the days on market over the past few years.

Please reach out to me to learn more about this greater Portland Maine real estate market and to obtain greater housing analysis and charts on the area.

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