Portland ME Real Estate Analysis for Homes and Condos » Portland SF Homes

November Housing Statistics for Portland Maine

admin — Mon, 07 Dec 2009 13:19:20 +0000

Wow…. the month of November’s numbers are the best seen to date and a great sign of the continued improving southern Maine housing markets! Helped by historically low interest rates and the Maine first time home buyer tax credit 32 single family homes and 23 condos were sold in November 2009 at a combined median price point of 212K. In November 2008, the median sales price was 220K, thus a 4% decrease, but well shy of the 10% year over year decreases that we have been seeing all year! Additionally compared to a median price point of 200K in October, prices dare I say increased by 4% month over month!!!!

Volume has been strong as of late and this trend continued, up 8% from a year prior and 12% month over month.

The list to sales ratio remained around 96% and current inventory levels dropped to right around 400.

For more information, please contact me anytime at 207-650-5383 or simply shoot me an email at john@greentreemaine.com

Portland Maine Year in Review 2008

admin — Wed, 14 Jan 2009 18:37:24 +0000

In Portland Maine, the hub of southern Maine real estate, 2008 ended with markets down approximately 15% in transaction volume levels, 8-10% in pricing and the Days on Market held steady at 72 for SF homes and around 100 for condos. In total 406 homes and 247 condos sold in 2008, down from 490 homes and 288 condos in 2007.
Here are a couple year by year graphs for the Home and Condo Markets in Portland Maine.

Average sold prices – Homes and then Condos

Number of Properties Sold Homes and then Condos

For more Maine housing statistics on Portland and other southern and Coastal Maine communities please visit www.mymaineproperty.com

Portland Maine November 2008 real estate report

admin — Wed, 03 Dec 2008 18:26:14 +0000

For the month ending 2008, the Portland Maine real estate market saw 51 single family and condo transactions occur at an average price of 259K after sitting on the market for 75 days. In November 2007 47 transactions occurred at an average price of 265K. Thus volume was up 9% year over year and pricing is down 6% from the year prior. Month over month transaction volume was up 31% and average sales prices were down 4%.

Portland October 2008 Home Sales Report.

admin — Wed, 05 Nov 2008 16:23:51 +0000

For the month of October 2008 Portland Maine saw 39 residential transactions take place at an average price of 259K. Off 3% from the year priors average sales price of 267K the month over month price change saw a 13% increase from Septembers average sales price of 230K. In October 2007 56 transactions took place in the Portland Maine housing market representing a 30% slide year over year.