Portland Maine Housing Market Update

In 2010 housing prices and transaction volume stabilized in the real estate markets of Portland ME. The median sales price clocked in at 209K…exactly where it was in 2009. A total of 610 Portland Maine condos and homes sold compared with 586 in 2009. Currently the markets are a bit slower than normal which is not necessarily surprising for this time of year, but winter weather has further stymied activity! However, the general vibe in the housing market is upbeat and as Portland continues to grow and receive a ton of positive nationwide press I suspect we shall see a very strong and healthy market going forward.

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