Portland Maine November 2008 real estate report

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%.