South Portland Market Report – Nov 2009

The South Portland real estate residential markets saw 27 transactions take place at a median price point of 184K in November 2009.   22 single family homes and 5 condos sold.   The median days on market for these sold properties was only 29 days!  This  compares with 14 homes sold at a median price of 178K in November 2008.

The significant volume increase and also pricing increase month over month echo similar results seen in nearby communities including Portland.  With interest rates remaining low and the extension of the first time home buyer tax credit expect the real estate markets of Southern Maine to continue to improve.

Thanks for reading.