Residential real estate update January 2010

Currently in Portland  there are 390 residential homes on the market, 208 single family homes and 182 condos.  In January the Portland Maine real estate markets saw 35 homes and condos sell at 211K which was up from 209K in December and represents an increase of 6% year over year in pricing.  Overall pricing in the greater Portland region seems to have stabilized and going forward expect to see strong markets with the continued first time home buyers in Maine taking advantage of the tax credit and low interest rates.