Portland Maine Condo Report
2009 June 1
For the 5 months ending May 31st, 2009, 66 condos have sold in the Portland Maine residential real estate market at a median price point of 222K after sitting on the market for a median of 80 days. This contrasts with 111 sold at a median price of 202 for the same time period in 2008 after sitting on the market for a median time frame of 90 days. The market transaction volume has tapered off significantly from tightening lender restrictions and slower overall markets but the higher price point and short days on market are very encouraging for the overall market picture.
For additional information on real estate in Southern Maine, please visit www.mymaineproperty.com
