Greater Portland Maine Housing Market Update

Spring is well on its way and thankfully it seems home buyers in Portland Maine have decided to come back with a vengeance.  The regional housing market is quite stable, but a harder than normal winter coupled with the traditionally slow Winter season resulted in pretty low transaction volume for the 1st quarter 2011.  The entire region taken as a whole was down about 12% whilst Portland itself was off almost 25%.  Thankfully however, prices continue to stabilize with the median price for a condo or home in Portland Maine for sale clocking in at 206K in the 1st quarter. Despite this slow 1st quarter.. most signs point to a very strong Spring season here in Maine.
Thanks for reading,

John Herrigel
Green Tree Realty

Published by Seth Jacobs

Mortgage Broker, Disc Golfer and First Person Shooter Fan living in Vacationland.

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